The terrorist attacks on New York may slow the UK housing market more than previously forecast, the Council of Mortgage Lenders is warning. Director-general Michael Coogan says the trade body may have underestimated the impact of the terrorist atrocities due to the continued strength of mortgage lending, which hit a record high last month. He says the CML now expects the market to slow next year as the fallout on the economy and consumer confidence begins to make an impact.
IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract […]
Michael Bolton is not a man known for his reluctance to express an opinion on anything from the future of securitisation to the comeback of the mini-skirt. Something of a character in a market beset with blandness, the “Big Bopper” (watch the man dance) has risen up the ranks with a refreshing lack of verbal […]
The PIA has suspended the investment business of IFA Complete Financial Services of Hillside, Bishops Walk, Shirley Hills, Croydon because it has failed to comply with an award made against it by the ombudsman.The award was made in August and the firm is contesting the decision and has failed to offer redress to the complainant. […]
Schroders has appointed Lucy Colback as the new manager of its Global Emerging Markets fund as the first step in an overhaul of the fund. Colback, who takes over from Giles Neville, will now restructure the fund under a more aggressive mandate, firstly trimming the number of stocks to 130 from 150. Colback has worked […]
Jelf Employee Benefits explores the draft Income Tax (Recommended Medical Treatment) Regulations 2014 and why intervention is such an important aspect of absence management.
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Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]
Morningstar chief executive Mark Roomans on bringing algorithmic investing to the mainstream Morningstar UK chief executive Mark Roomans is a senior industry leader whose career has been largely devoted to helping the investment world harness the power of data to create better solutions. Good data has always given fund managers their edge, driving better decision-making […]