Tipped to do wellStability at F&C Asset Management following its merger with Isis could see renewed interest from investors. It had major upheaval as key managers and analysts left but F&C’s investment team looks ready to benefit from the new structure. However, it must recover from the loss of reputation on its bond and UK […]
Aegon PR Adrian Cammidge was struck with amnesia at MM’s annual Christmas bash. Forgetful Cammidge was for once rendered speechless when unable to remember the name of the restaurant he had booked for the aforementioned Christmas lunch. The Diary thinks sleepless nights are taking their toll on old father Cammidge. And ‘not getting any’ sleep that […]
It is being compared with the 1997 tax raid on pensions – the Government’s latest stealth tax on insurance company funds. Hidden in the Pre-Budget report was the PN3 release designed to protect tax revenues from insurance com-panies. This latest raid has been launched without any consultation and will have a dramatic effect on insurance […]
The Queen’s New Year’s honours list awarded decorations to members of the financial services community, including FSA deputy chair Stewart Boyd and Co-operative Bank Financial Services former chief-executive Mervyn Kay Pedelty. Boyd receives an OBE for services to the finance sector while Pedelty receives a knighthood for services to business and charity.
By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]
At the same time as our economic engines are faltering and our politics are less sure than ever, something else has been happening. The mass market is being replaced by multiple micro markets and seemingly infinite choice. The exchange of information creates ever more value, while commodity products and services are ever cheaper. It takes […]
Pension transfer values fell by 2 per cent in November, according to consultancy XPS Pensions Group. At the end of October 2018 the group’s transfer value index was £235,000 and at the end of November it was £230,000. The index tracks the transfer value that would be provided by an example defined benefit pension scheme […]
Ascot Lloyd has acquired West Midlands IFA Newell Palmer, taking the firm above the 100 adviser mark for the first time. Newell Palmer has made a number of acquisitions itself this year, and will add at least £1.3bn in assets to Ascot Lloyd. The firm says it will now have over £7bn in client funds, […]