There was speculation this week that the legal battle between Equitable Life and its former directors and auditors Ernst & Young could reach a settlement.
Investment Management Association chief executive Richard Saunders has called for the fund management industry to step forward as the provider of individual pension savings schemes. He says A-day changes represent a historic opportunity for the fund management industry to provide products to the mass market and suggests the industry can cut charges to nearer to […]
Mortgage key features are “unnecessarily complicated, ludicrously lengthy and often misleading documents,” said the chairwoman of the financial services consumer panel at the FSA annual meeting.
DWS is to close its Ratebuster product in April 2006 and head of retail Andy Clark is “turning out the lights” on the firm’s retail operation. Ratebuster was launched in March. It has performed poorly and is expected to return even money on an initial investment. At launch, Ratebuster targeted annual returns of 7.75 per […]
Individual fund selection rather than asset allocation is the driver for returns in the current economic climate, according to Jupiter’s multi-manager team.
Sarah Scott – Marketing Consultant, Royal London This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]
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Brewin Dolphin is cutting costs by up to 18 basis points on funds in its managed portfolio service as it introduces segregated mandates for core asset classes. Star fund managers including Neil Woodford and Nick Train are among the line-up to run segregated mandates in the manager-of-manager approach for four core asset classes. The MPS’s […]
Advisers have called into question claims made by the head of the Financial Ombudsman Service that the complaints adjudicator is “not a consumer champion”. Earlier this week, Caroline Wayman told a committee of MPs that the FOS’ job was not to “advance the cases of the individual” but to provide a “level playing field”. Wayman […]
The FCA has renewed its suspensions on discretionary fund manager Stargate Capital Management. The regulator first told Stargate it could not take on any new appointed representatives back in June. The FCA has also continued its ban on new investments into the firm’s FX Perpetual fund, an “absolute return systematic algorithmic FX trading strategy” and […]