Franklin Templeton growth fund manager Ken Cox is understood to be leaving the firm due to ill health. Cox has run the 144m fund since 2001 and returned 63 per cent in the three years to January.
BDS Mortgages has doubled the size of its appointed representative network in the past month, with the promise of further additions over the course of the year. The mortgage intermed- iary has seen its membership rise from 25 to 51, which the firm attributes to the influence of network manager Bob Hope who, since joining […]
Adviser software provider 1st has announced sales and marketing director Richard Goodall has joined its board.Goodall joined the firm in June and was previously a manager at Zurich Financial Services and national sales manager at Axa Sun Life as well as spending 10 years at national IFA Sedgwick Independent Financial Consultants.1st managing director Mik Cons […]
Fidelity’s UK growth manager Frederic Gautier is leaving and will be replaced by analyst Carlos Moreno.
Liontrust has soft-launched a concentrated large-cap fund to capitalise on what it believes are the most favourable market conditions for blue chips in five years. The Liontrust MMV fund, so-called because of its launch at the end of 2005, was rolled out without any fanfare to enable it to build up a track record before […]
By Kunal Desai, Manager of Neptune India Fund Kunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent compared to the MSCI India Index gain of just 14.0 […]
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Sesame must compensate a client who complained she was missold a personal pension by one of the network’s former appointed representatives. According to a Financial Ombudsman Service decision, in 2002, Mrs P met with an adviser of a business that was at the time an appointed representative of Sesame. Following this meeting Mrs P agreed […]
Financial advisers need to engage in less systematic risk tolerance testing to position clients for high investment returns, according to risk profiling firm Oxford Risk. Speaking at a FinaMetrica/miPlanPlus event today, Oxford Risk head of behavioural finance Greg Davies says suitability across the industry is “rife with poor practice”. Davies says the most common adviser […]
The FCA is attempting to ban the boss of a debt management firm for allegedly using client money to purchase the business. Darren Lee Newton purchased First Step from former director Christine Whitehurst in 2013. The FCA argues he funded the deal through client money rather than out of his own pocket. Newton allowed more […]