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.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]