The FSA has handed out three fines to advisers after they improperly advised clients to invest in structured products backed by Lehman Brothers.
Nucleus is planning a £15m rights issue to pay back the company’s debt to South African insurer Sanlam. Nucleus founder and chief executive David Ferguson (pictured) says the fundraising has been discussed informally for the last 18 months and has secured large shareholder support. It is expected to be completed by the end of this […]
Neptune has bolstered its fund range with the soft- launch of both a US income fund and a higher income fund. The US income fund will have 40 to 60 holdings, which will predominantly invest in high yielding North American companies. The fund, which sits in the IMA North America sector, is managed by Rebecca […]
HSBC chief executive Michael Geoghegan is set to step down at the end of this year after being overlooked for the vacant chairman’s role.
BlackRock – iShares MSCI World Monthly GBP Hedged
Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]