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Ewing set to leave Fundsdirect

Fundsdirect chief executive officer Sean Ewing is understood to be leaving the company. Company founder Ewing is thought to have tended his resignation in August but will be leaving the group in the next few days.

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IFP chooses new president

Institute of Financial Planning vice president Ian Shipway is replacing Campbell Edgar as president of the IFP while Jane Wheeler is to be the IFP&#39s new vice president. John Porteous and Barry Horner are joining the IFP&#39s board.

Blair fails to address policy

Prime Minister Tony Blair disappointed pension experts by shying away from a significant announcement on third-term pension policy this week. Blair&#39s Opportunity Society speech in London on Monday – the day before Adair Turner&#39s pension report – had been billed as a significant pointer to Labour pension policy going into the next general election. But […]

Kleinwort offers hedge fund range in joint deal

Kleinwort Benson Private Bank is setting up a range of onshore funds tracking major hedge fund indices in association with boutique Bespoke Financial Consulting. The products, including the FTSE broad hedge fund and S&P broad hedge fund index-tracking portfolios, will be launched by Bespoke, with Kleinwort acting as investment manager. They will be in an […]

Millfield sells Lifetime stake

Millfield has sold 20 per cent of its stake in Lifetime despite earlier pledges from chief executive Paul Tebbutt that it would “not consider selling a chunk” of the operation. The IFA group, which is repaying loans of £15m from product providers for its merger with Inter-Alliance, has received £824,400 from Norwich Union for 20.1 […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]

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