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?
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
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