Neptune Investment Management has appointed its chief economist and investment director James Dowey as chief investment officer. He will retain his role as chief economist and report to the company’s founder and chief executive Robin Geffen. Despite Dowey’s promotion, Geffen will continue to take “overall responsibility” for the investment team as well as manage the funds he […]
Drawdown and lump sums are being favoured by pension savers a month after the introduction of the radical new freedoms, figures from Hargreaves Lansdown show. Less than one in ten (8.4 per cent) of Hargreaves’ customers have bought an annuity since 6 April, compared to 75 per cent who entered drawdown and 16.6 per cent […]
Alliance Trust Savings has bought Brewin Dolphin’s Stocktrade, adding more than £4.6bn in assets, in a bid to make ATS more profitable after a public battle with shareholders on the future of the business. The company has bought Brewin’s execution-only stockbroking business for £14m, saying the deal gives ATS the ability to scale its operations, with […]
Deutsche Bank gave false declarations to the FCA and British Bankers’ Association, took years to produce evidence for the regulator and used a call recording system that was “not fit for purpose”, the FCA has found. Earlier today the bank was fined a record £227m by the FCA for manipulating Libor and Euribor. Combined with […]
By Douglas Turnbull, Head of Chinese Equities After rallying around 150 per cent since the middle of 2014, mainland China’s ‘A Share’ market has corrected almost 35 per cent since mid-June.* Douglas Turnbull, manager of the Neptune China and Neptune Greater China Income funds, looks at the reasons behind this recent volatility… Click here to […]
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