Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
HM Revenue & Customs is to launch a multi-million pound battle in the Supreme Court with a group of film scheme investors. A hearing will open on Wednesday over a £503m deal between an investment group and Walt Disney Pictures. Members of Eclipse 35 paid the sum to acquire the distribution rights on two Disney […]
Standard Life has reportedly made a formal bid to acquire Axa’s Elevate platform. According to Bloomberg, Standard Life is in talks for the business unit as the French insurer seeks to sell off its UK life insurance and wealth investment units. Axa will reportedly seek to sell of chunks of the business separately, and is […]
Three quarters of advisers say it is possible to provide an independent advice service and be profitable, according to a Money Marketing poll. The survey of 256 advisers found 72 per cent backed the sustainability of IFAs despite recent deals that have seen large independent firms become restricted. However, a quarter (28 per cent) said […]
Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article
Former Tilney executive Nick Reeves will join Deutsche Bank as the head of UK financial planning from January. The Frankfurt-headquartered bank says the appointment continues a build out of its markets since UK chief executive Michael Morley was appointed in July 2017. Morley says: “We are committed to building a model advice-led wealth management business […]
The money of thousands of investors from troubled Sipp provider and discretionary fund manager Greyfriars Asset Management have been secured through an acquisition. Sipp administrator Gaudi has successfully transferred 4,000 Sipp and Isa accounts from Greyfriars onto its books. The acquisition agreement was signed on 21 September and has now been completed. Gaudi managing director […]
One in four advisers are working upwards of 50 hours a week and cite complex regulatory and compliance requirements as the catalyst, Prudential research shows. The 2018 Adviser Barometer surveyed 200 financial advisers across the UK and shows just 14 per cent worked more than 50 hours a week last year. Thirty-two per cent of respondents […]