DWS Investment Trust Managers is launching a China investment trust in the New Year to be managed by Lillian Peng. The trust, which DWS hopes will raise 50m, will invest in both Hong Kong-listed shares and direct in shares listed on the mainland. Timing of the launch depends on the short-term outlook but the group is convinced the long-term picture is sound. Peng runs a Greater China institutional fund for the group.
Competition is definitely a good thing – and nowhere is this more true than when it comes to mortgages but herein lies the problem – HBOS. Don’t get me wrong, this is not have-a-go-at-HBOS time.
David Severn was head of the policy division at the PIA and has been at the FSA since its inception, occupying the same role although his title has changed during that period. He is currently head of retail investments policyJanuary 2001FSA proposes widening customer product choice. A review of polarisation headed by Severn is launched […]
The only really relevant comment on your Superleague supplement is: “Turnover is vanity – profit is sanity.” How many of these “super” IFAs actually make a profit? For heaven’s sake, one of them listed is even in administration. Even if they manage to show a meagre return, what is this as a percentage of turnover? […]
Zurich Financial Services’ multi-tie distribution business launches next year and will be branded Openwork, with Scottish Equitable as sole pension provider.
Welcome to the latest update for The Brunner Investment Trust PLC from the trust’s portfolio manager Lucy Macdonald. Market Review Global equities ratcheted higher throughout February, buoyed by optimism about global growth and corporate earnings. All regions advanced, although Japan tended to lag many other markets. In sector terms, healthcare, information technology, consumer staples and […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]