Clerical Medical will open the Clerical Medical Fidelity worldwide special situations fund to new business this week. The composite fund invests equally between Fidelity’s UK and global special situations funds.
IFA network Financial Limited has changed the wording on its website amid concerns that some of it could have breached financial promotion guidelines. The website featured a claim that collective investments are almost guaranteed to make money. When Financial Limited’s managing director realised this, he admitted it was an error by a website editor. The […]
BlackRock MLIM European dynamic manager Niall Gallagher is leaving the group after nine years to join US fund manager T Rowe Price. Gallagher will be replaced by European equities head James MacMillan.
Stockbroking firm Collins Stewart has established the Aim Portfolio Service which aims to reduce potential inheritance tax liability and provide capital growth.
Prudential is cutting 30 jobs in a restructure of its broker sales team.Pru says 150 people across its intermediary sales division will have to reapply for their jobs with 60 positions being axed. The restructure will create 30 new posts in a move that will see the headcount on its intermediary distribution team cut from […]
Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]
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Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]
The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]