David Cameron has been elected as the new leader of the Conservative Party beating rival David Davis by 134,446 votes to 64,398 in a postal ballot of Tory members across the UK. Cameron has vowed to “inspire a new generation of voters”.
The TUC has welcomed former Pensions Minister John Denham’s 10 minute rule bill to force all job adverts to reveal details of the combined salary and pensions benefits.TUC general secretary Brendan Barber says if the bill becomes law the new job adverts would help good employers recruit and retain the best staff and encourage those […]
Former Daily Mirror journalist James Hipwell has been found guilty of using the paper’s City Slickers column to manipulate the stock market. Hipwell, along with fellow columnist Anil Bhoyrul, will be sentenced in mid-January following the preparation of a report.Hipwell made 41,000 from trading in shares he tipped while Bhoyrul made 14,000. Today’s conviction follows […]
The UK is ending what has been its slowest economic recovery on record with a marked acceleration in growth. Neptune’s forecast for UK GDP growth in 2014 is 2.5 per cent, up from 2013 growth of 1.8 per cent as estimated by the Office for National Statistics. When considering the changing UK macro outlook, three important questions remain:
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]