The consumer price index stayed at 3.1 per cent in August. The Office of National Statistics says the increasing cost of food and clothing has led to the high rate.
HSBC has sold 80 per cent of its stake in its HSBC Private Equity Asia business to the management team.
Veteran UK equity income fund manager Bill Mott has warned of a ‘bond bubble’ that could rival the dotcom bubble of 2000, if fears of deflation in the economy prove unfounded. The manager of the PSigma income fund has compared the recent rush into bonds, as markets have feared the worst for the global economy, […]
Standard Life chief executive David Nish says he is looking to break the insurer’s dependence on financial advisers by exploring other distribution routes, including direct to consumer and through employers. According to the Mail on Sunday, Nish says despite the greater focus on a direct offering, he will look to support advisers as they adapt […]
Ask the right questions and even the most uncertain of clients can be put at ease in a first meeting
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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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 […]