View more on these topics

Hargreaves Lansdown suspends Rambourg fund from Wealth 150

Hargreaves Lansdown has withdrawn the Gartmore European absolute return fund from its wealth 150 following the suspension of fund manager Guillaume Rambourg.

Rambourg was suspended on Tuesday pending an internal investigation and Hargreaves Lansdown says it is prudent to place the fund on hold until further details emerge.

Investment manager Ben Yearsley says the group has spoke to Gartmore, with the group informing internal experts to go back over trades the European equities team has placed in 2009.

He says: “I want to stress that this is not a recommendation to sell the fund, simply that given the circumstances we feel that we should not be suggesting making any further investment into this fund at this stage.”

Recommended

Quinn PI still valid

The FSA says PI cover arranged through the UK arm of Irish insurer Quinn Insurance, which went into administration this week, will remain valid.

Balance the borrowing

Last April, at the height of the credit squeeze, I applied for – and obtained – a mortgage. For someone who is self-employed, that’s not too shabby. There was no reason why we should not have been offered a homeloan. I was looking to borrow less than 50 per cent of value while the sum […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment