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.

Recommended

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment