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High net worth clients&#39 favourite fund managers named

Aberdeen, Gartmore, M&G, HSBC and Perpetual are the most popular fund managers with high net worth clients according to a new survey from Tulip.

The five managers came top in a survey of clients with assets of more than £500,000.

The survey also revealed that less than half of wealthy individuals had heard of Threadneedle, Britain’s third largest retail fund manager. Barclays was the most recognised brand, followed by Scottish Widows and Standard Life.


Sick notes

I run a small information technology company with a permanent staff of 30.I have recently set up a stakeholder pension and some death-in-servicebenefits with a provider which contacted me direct. Following feedback frommy employees, I am keen to provide a better benefits package, perhapsincluding medical insurance. I have an annual budget of around £5,000and would […]

Barclays buys non-conforming lender

Barclays Private Equity is backing a management buyout of non-conforminglender Preferred Mortgages in a £270m deal. Following a similar investment in credit card firm Clydesdale in January,BPE has bought an 83 per cent stake in Preferred from the Rotch PropertyGroup, with the remaining 17 per cent going to the management team. The buyout was led […]

IFA fined £20k over review

The PIA has fined IFA Westerby Investment Man-agement £20,000 forpension review failings. The Hampshire IFA must also pay costs of £3,850. PIA visits to the firm in March last year identified serious failings inits conduct of the review, including failures to identify its startingposition accurately and adequately verify its starting population. Westerby also failed to […]

ECB leaves rate unchanged

The European Central Bank has decided to leave its core rate unchanged at 4.5 per cent, following the Bank of England&#39s decision to maintain its rate yesterday.Calls for a rate cut had been made following poor unemployment results in Germany, but the ECG showed restraint in light of rising inflation in Eurozone, which rose to […]


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