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.
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.
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 […]
Homeowners released £1.02bn of property equity from July to September, according to The Equity Release Council’s newest figures. This compares to the £971m released in Q2 of this year, and £824m in Q3 2017, a yearly increase of 24 per cent. In contrast to this sharp growth, the Council points out that the average amount withdrawn […]
Rumours are swirling about changes to pension tax relief being announced in the upcoming Budget. Predictions of a shake-up to pension incentives have been touted for many years but, so far, we have only seen tinkering rather than root and branch reform. The £40bn from pension tax relief would come in pretty handy for a […]
Fundsmith has successfully launched its new investment trust, Smithson, to the main market of the London Stock Exchange this morning. The asset manager led by star manager Terry Smith has confirmed that 82,250,958 shares were issued at 8am. The firm also noted that Smith and the other founder partners and key employees of Fundsmith currently […]