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Finalytiq founder’s withdrawal rate app completes funding round

An app aimed at helping advisers understand how retirement strategies will fare under different market conditions has completed a seed funding round, with backers including former Interactive Investor chief executive Adam Seale. Timeline was set up by Finalytiq founder Abraham Okusanya last year in response to pension freedoms. It uses empirical research, asset class returns, […]

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FCA seeking tax advice on Connaught redress

Investors who lost money after the collapse and suspension of the Connaught Income Fund in 2012 will now have to wait for the FCA to seek specialist tax advice before redress payments can be distributed. Although administrators Duff & Phelps have now received previously missing data needed to complete the redress calculations, the regulator has […]

UK equity fund outflows continue

UK equity finds saw net retail outflows of £142m in April, according to latest figures from the Investment Association. Overall, retail investors put £2.4bn into investment funds in April, with £931m going into Isa accounts. AJ Bell personal finance analyst Laura Suter says since Brexit £7.9bn has poured out of UK stock market funds, with […]

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