The team has also reduced exposure to Thames River Japan within the F&C Multi-Manager growth fund in favour of CF Morant Wright Japan.The latest Thames River Japan factsheet shows the fund fell by 0.14 per cent in euro terms in July, while the Topix index rose by 0.7 per cent. Thames River attributes this underperformance to the fund’s overweight position in electricals. F&C fund of funds analyst and deputy manager Tom Caddick says: “The Thames River fund is a great fund which has performed well for us over the long term. But as it is a mid-cap fund, we had hoped for slightly better performance. “At the moment, we would rather go with a fund man-ager who looks for deep-value stocks, digging out compan-ies that are mispriced in the market. We have held CF Morant Wright Japan for over a year and its track record is excellent.”
The Derbyshire (Isle of Man) is launching an interest accumulator account for British residents looking to move away.The account has been designed for clients expecting their UK taxation obligations to change at a future date, as a result of moving to Europe, offering control over the date which interest is payable, therefore when tax liability […]
Britannia has launched a new ten year 4.74 per cent fixed rate mortgage.There is an arrangement fee of 349, a 100 administration fee and early repayment charges apply.Britannia managing director of member business Tim Franklin says: “Unlike other lenders who are withdrawing or increasing rates on fixed term mortgages, Britannia Building Society is offering customers […]
In April, I needed to produce a BM Solutions’ KFI for a client. Being fairly IT-literate, I went on to the BM Solutions’ website looking for the Obtain a KFI button. It soon became apparent that the only way to get a KFI was to complete a decision in principle. I did not want to […]
The biggest surprise about Halifax launching a fixed-fee conveyancing service is – why hasn’t it done it before?
What are the signs to measure a client’s fatigue to volatility?
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]