Consumer confidence in May increased from nine points to 99, the highest point since November 2005, according to the Nationwide Consumer Confidence Index.Nationwide says that consumers were upbeat about the economy in May and felt comfortable that things would continue to be good over the coming months. But the Spending Index fell five points, the […]
Standard Life has recruited First State fund manager to Casper Trenchard to replace Mark Niznik on its UK opportunities fund. Trenchard is in negotiations to bring the 19m First State British opportunities fund he runs with him, which would see First State leave the UK equity sector.
T Bailey has become the latest investment firm to throw its backing behind Bill Mott’s new PSigma equity income fund.The multi-manager firm has made the fund its fourth-biggest holding within its £12m equity income vehicle with a 10.4 per cent weighting.T Bailey fund manager Jason Britton says the selection was down to Mott’s track record […]
On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.
FP Wealth Management and wealth manager LGT Vestra have joined “plug and play” advice training initiative, Future of Advice. Future of Advice was set up this year by Bournemouth-based IFA Kevin Forbes of Strategic Solutions in partnership with advice consultants Simplify Consulting and representatives of Bournemouth University. The programme offers student placements in financial advice […]
Another pensions dashboard deadline has come and gone, despite the original intention to launch in 2019. The feasibility study, first expected in spring and then delayed until summer recess, has still not been published. This begs the question: will the dashboard ever become reality? Rumour abounds that secretary of state for work and pensions Esther […]
Seven Investment Management has cut gold from most of its multi-asset portfolios as it moves towards general commodities. 7IM first started eliminating gold from its portfolios last November, when it was cut by 1 per cent across portfolios, and then again this February, with a further 2 per cent cut. Now, it has dropped gold from […]