The Financial Services Compensation Scheme has so far received claims of an estimated £140,000 from clients of Kilminster Financial Management Limited, the network which went into liquidation last July.
Advisers are calling on lenders to be up front about their dual-pricing strategies.
The first glimmer of hope has appeared for investors in George Luckraft’s Axa Framlington Monthly Income and Equity Income funds as performance begins to turn.After two years of dire returns, the funds are moving up the rankings in the Investment Management Association (IMA)’s Equity Income sector. Equity Income was down 6.9% over the three months […]
Arc Capital & income
Accelerated Income Plan
It is one of the (very) few things Donald Trump and Hillary Clinton agree on: the cost of healthcare in the US must be brought under control. Simon Edelsten, manager of the Artemis Global Select Fund, explains what this means for investors. Click here to read the full article
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]