Skandia has been accused of protectionism after refusing to set up links between an IFA firm’s in-house fund of fund range and its own onshore bond.
The collapse of Exeter Fund Managers means that investors will be paid out by the Financial Services Compensation Scheme.
The Exchange has announced that Lincoln Financial Group will be listing its whole of life protection policy on the Exweb platform.It is the first new business announcement since Vertex confirmed its intention to acquire The Exchanges parent Marlborough Stirling.Lincoln will only be listing the life cover option on the Exweb quotation tool, although other benefits […]
Barely a week passes without a call for action by Chancellor Gordon Brown to change the way in which stamp duty is charged and rightly so. The banding system and, more importantly, the lack of amendment to these bandings over the years means that stamp duty has become a bigger burden for more borrowers. Hopefully, […]
While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]