The board of Gartmore’s £98m Fledgling trust is seeking a change to investment policy that would allow managers Gervais Williams and Andrew Russell to hold Aim stocks.
Rating agencies were the focus of the Treasury Select Committee’s inspection – or wrath some might say – this week as chairman John McFall told Standard & Poor’s, Moody’s and Fitch Ratings that they had “failed hopelessly” in their role in the sub-prime crunch.
Three-quarters of consumers believe searching the whole market for products is a key role of IFAs and less than a third believe payment options have a bearing on independence, according to Aifa research.A YouGov survey found that only 17 per cent of consumers believe advisers should have an indefinite liability for advice, with 70 per […]
By failing to recognise disparities between European markets, investors risk missing good opportunities
I praised him for his dogged determination at forcing the FSA to release the names of the 12 life companies found by the PIA, to have been engaged in “pre-contractual misrepresentations and in some cases a breach of contractual warranty”.
Jelf Employee Benefits has released a guide to help employers communicate the recent raft of pension legislation to staff. ‘Your Guide to Pension Freedom’ will help employers meet their duty of care in explaining the changes to employees and in turn will help employees take more control over their pensions and retirement decisions.
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- Top trends
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]