View more on these topics

FSCS lands Liontrust with £415,000 interim charge

Liontrust has been hit with a £415,000 Financial Services Compensation Scheme interim levy.

The bill compares with a £20,000 annual levy for the firm the previous year and is part of the £233m required from inv- estment management firms, mainly to cover the cost of failed Keydata life settlement vehicle Lifemark. Investment advisers have been hit with a £93m interim levy by the FSCS.

Liontrust has revealed a second quarter of positive net flows, with £76m in the last three months of 2010.

It saw £86m in positive sales between July 1, 2010 and December 31, 2010.

Liontrust assets under management stood at £1,292bn at December 31, 2010 and at £1,307bn by February 1.



Matrix cleans up

Matrix Group is raising up to £25m through a linked offer for shares in the Matrix clean energy VCT 1 and Matrix clean energy VCT 2.

Study claims plan to expose short-selling is flawed

The EU proposal to force individual fund managers to publicly disclose their net short positions risks distorting financial markets, according to a study by Oliver Wyman. The report comes as European lawmakers consider changes to the European Commission’s draft short-selling regulations, which propose public disclosure of individual managers’ net short positions above 0.5 per cent […]

Flexible contributions urged for low-earners

Pension consultancy Hymans Robertson has urged Lord John Hutton to consider allowing low-earners flexible contributions and limited early access to their savings in his public sector pension reform proposals. Last June, the Government commissioned Hutton to chair an independent public service pension commission. He is exploring various reform options based on career average earnings after […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm