After the launch of the Argonaut boutique proved such a success for Britannic Asset Management last year, it has now started a second venture, Cartesian, and has plans for more boutiques in 2006. But its director of sales and marketing tells Matt Davies that he is anxious to re-energise in-house performance.
The FSA has identified four priority areas in a bid to improve the quality of equity release advice including more mystery shopping this spring.It has pledged to assist firms with meeting their regulatory responsibilities, and it plans another mystery shopping exercise and a review of lifetime mortgage advice and subsequent investment advice.It has hired a […]
Henderson Global Investors has appointed Mike Wilson as head of investment trust sales to discretionary investment managers.Wilson’s role is to increase the ownership of Henderson investment trusts amongst discretionary investment managers in the UK, Channel Islands and the Isle of Man. Wilson has been director of retail strategic alliances at Invesco Perpetual and more recently […]
Outsourcing giant Capita has announced the acquisition of adviser portal Webline for an undisclosed feeThe move, revealed by Money Marketing last month, continues Capitas drive into the IFA arena after it purchased software provider Quay in November.Capita recently signed a contract with Zurich to act as an outsourcing partner to deliver business processing activities, valued […]
What might Trump’s policy proposals mean for markets and key components of the US economy going forward? The questions outnumber the answers at present. Loomis Sayles Macro Strategies takes a look at the impacts of the US election. Click here
Some investors holding money with Blackmore Bonds are yet to receive July interest payments, despite the firm’s insistence all funds have been transferred and cleared. One such investor has told Money Marketing they have been “ignored” by Blackmore. Chief executive of the mini-bond provider Patrick McCreesh told Money Marketing this week that some investors holding Isas […]
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]