At last, progress appears to have been made. The FSA is now looking at a pragmatic solution to the QCA level 4 dilemma. Time is being spent evaluating the core functions of the role of an adviser and ensuring that there are appropriate qualifications to meet these standards.
The appetite for corporate bonds shows little sign of abating. Advisers accounted for four out of five bond funds sold in January which amounted to £1.4bn and 25 per cent of all fund sales.
A recent report from Barclays Stockbrokers shows that investors trading in exchange traded funds increased by 162 per cent from October to December 2008, compared with the previous three months.The number of accounts holding ETFs increased by nearly a quarter (23 per cent) and today half of investors hold ETFs within stocks and shares IsasThis is an extraordinary growth story, particularly as it has been achieved in the face of growing economic uncertainty and equity market declines. However, within this trend is a subplot of its own that most investors do not appreciate – the growth of exchange traded notes. ETFs remain the dominant share class with an asset value of £430bn but ETNs now account for £4bn of this and the number is increasing.
New Star lynchpin Guy de Blonay has provided Henderson with a timely boost this week after announcing his intention to join the firm at the completion of the proposed merger.
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]
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