The Midas funds have suffered a setback in performance because their overseas prop-erty holdings have continued to trade at a discount to net asset value. High volatility has also affected the quoted value of some structured holdings and a preference for value stocks has hurt as these have been hit by the credit crunch.
Intrinsic chief executive Kevin Ronaldson says it is nonsense to suggest that people can only give good professional advice if they offer products from the whole of the market.
The job of FSA chairman should go to someone with high-level Bank of England experience, says a financial services thinktank.
The retail distribution review interim report is the most positive thing to come out of the FSA for years, says Informed Choice joint managing director Nick Bamford.
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
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