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Foundation targets eight million people for advice

Financial advice could be available in supermarkets for eight million financially excluded people by 2008 through a public/private scheme, says the newly launched Resolution Foundation.

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Invesco VCT to offer 25m in new shares

The Invesco Perpetual Aim VCT will offer 25m in new ordinary shares in January 2006. The trust launched in June 2004 and was the most successful launch by a new entrant into the VCT marketplace, raising 25.1m through an offer for subscription.

Ashley Law chooses Selestia

Ashley Law has chosen Selestia as its preferred fund supermarket for all its advisers across the UK. Ashley Law follows recent decisions by IFA groups Park Row and SimplyBiz to also use Selestia’s platform. It has 120 registered individuals working out of 70 franchise offices across the UK and says its strategy is more customer-centric […]

2,500 jobs likely to go at Abbey

Abbey has confirmed that more jobs are likely to go as part of the Grupo Santander cost-cutting plan. It is understood that 2,500 cuts will be made next year. The three-year plan is to increase revenue between 5 and 10 per cent on a yearly cumulative basis and transform Abbey into a full-service retail bank.

Fears for Credit Suisse fund as Harrison quits

Credit Suisse’s income fund is set to fall off IFAs’ recommended lists following Leigh Harrison’s defection to Threadneedle as head of UK retail investment. Harrison leaves Credit Suisse – where he ran its flagship 1.25bn UK income fund – to run Threadneedle’s UK equity income fund, taking over from Chris White, who has run the […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]

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