Defunct companies Berry Birch & Noble Financial Services, David Aaron Partnership and RJ Temple generated the most successful claims for precipice bond misselling, according to recent figures from the Financial Services Compensation Scheme.
Whitechurch Network has teamed up with Pink Home Loans providing members with a preferred packager facility. The deal allows Whitechurch members to access Pinks packaged lender panel including its products and branded range. The partnership became effective on July 25. Whitechurch Network managing director Ian McIver says: Ultimately we look at ways of enhancing our […]
Speculation has increased on whether BM Solutions will be entering the equity-release market after the firm surveyed 200 brokers on whether the sector has potential. Asked which market holds the most potential over the next 12 months, 36 per cent of the brokers who were interviewed in June put equity release at the top of […]
IFA Buckles Investment Services is planning to add a property fund to its Snowdonia fund-of-funds range in October.
John Husselbee is starting an independent multi-manager boutique for Neptune after running the firm’s Quilter funds of investment trusts for 10 months. The new multi-manager business will have an independent structure under a non-conflicting brand. Further details are expected to be ann- ounced later this week. When Husselbee quit as Henderson’s director of multi-manager investments […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. A spokesman for SimplyBiz confirms the business has recently appointed Zeus Capital as an adviser. The […]
Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]
Listed equity is shrinking, reducing opportunities for investors Since early 1998, more equity has been withdrawn than added to the US stockmarket each year, while there has been a vast rise in corporate debt. US companies have shrunk their equity through large-scale buy-backs (about to be given another boost by the Trump administration’s favourable tax […]