General Electric has left the US sub-prime mortgage market, selling subsidiary WMC Mortgage Securities. Staff numbers have fallen from 1,200 to 700 this year. US mortgage lender Alliance Bancorp has gone bankrupt after the sub-prime downturn.
Dr Marius Barnard has called on the protection industry to “resurge” long-term care insurance, claiming “it is the product of the future”.At the Protection Review dinner in London last week, Dr Barnard, the architect of critical-illness cover and one of the pioneers of heart transplant surgery, said due to Britain’s aging population, long-term care will […]
BDO Stoy Hayward Investment Management is starting a fund focusing on highend residential property in central London.The Hyde Park fund will be unregulated and run in conjunction with the firm’s Dublin arm, Simpson Xavier. It will invest in residential properties in Westminster, the West End, Kensington and Chelsea and part of Camden.With a minimum investment […]
Scottish Widows Investment Partnership is looking to boost sales into continental European with the launch of a Luxemburg-based Sicav.Eight funds will be placed in the Sicav initially, with all being offered in euro and dollar denominations.Head of distribution Simon Wombwell says: “Offering a Sicav structure will further increase the availability of Swip’s funds throughout continental […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
Advisers share their tips and experiences in finding the right network There are many benefits of being an appointed representative but choosing the wrong network could cause havoc for a business. Here, three advisers share their tips and experiences. An open mind Simplified Money director Lesley James considered going directly authorised when setting up the […]
What has the industry learned from the 2008 crash? Probably not much at all Anyone watching or reading the news over the last couple of weeks will not have failed to spot the odd story or two about the 2008 financial crash. This being the tenth anniversary of the event, the media has been taking […]
Adviser Duncan Budd is closing his firm DB Financial to join Tilney’s London office. Budd will work alongside an investment manager in an approach that sees both parties provide a full wealth management service to clients. Tilney confirmed to Money Marketing that Budd’s firm DB Financial will cease operation. DB Financial was established in 2007. The firm […]