Focus Solutions has signed a restructured enterprise licence agreement with existing client Openwork.The enterprise licence agreement is for the Openwork Trading Platform and for multiple sales processes covering the Mcob, Icob and Cob business streams.The contract is worth between £650,000 and £900,000 over five years and includes licence, support and maintenance fees for several aspects […]
Insinger de Beaufort says it will maintain the defensive position of its multi-manager income fund despite some of its peers in the Investment Management Association’s cautious managed sector having higher exposure to equities and high-yield bonds.The company says the IMA cautious managed sector is contradictory in some ways as it allows up to 60 per […]
Pension victims who lost their savings when company schemes collapsed won a victory in the House of Lords last week but the amendment may still be defeated in the Commons.The Government was defeated by 55 votes – 181 to 126 – when peers backed proposals for a lifeboat fund to top up compensation awarded to […]
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]