Treasury select committee chairman John McFall and Labour MP Alun Michael, both members of the Christian Socialist Movement, have tabled an early day motion calling for the separation of speculative casino banking from traditional retail banking.
Metlife is launching a new guaranteed bond which offers capped and uncapped step-ups on guarantees.
Origen has announced it is to cut 72 jobs at the firm as it looks to restructure in preparation for the retail distribution review.
A consortium of leading life offices has been established to draw up a plan B alternative to personal accounts as the Conservatives continue to voice their concerns about the scheme.
“There is not a great of choice of financial funds,” says Rowan head of research Tim Cockerill, “but among the few ones out there, the choice is an easy one.” The Jupiter financial opportunities fund, managed by Philip Gibbs, has been the darling of IFAs for more than a decade. “Gibbs pretty much beats everything […]
By Ali Unwin, Chief Technology Officer & Fund Manager at Neptune Earnings season is noisy in the technology sector and a good quarter does not make a good investment. Numbers that come in marginally ahead or behind ‘market expectations’ are extrapolated to produce narratives showing the rise or fall of companies. Our job as technology […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]