Network Data Holdings made a loss of £1.1m in 2007 after a £300,000 profits in 2006. It blames the loss on the delays in implementing Hips.
Lyxor Asset Management
Lyxor ETF Nasdaq-100
IFAs are being told they should not offer advice on income drawdown unless they are capable and prepared to provide ongoing management of the portfolio.Compliance consultant Adam Samuel says that to offer an income drawdown service safely, advisers have to actively manage the fund.However, he says few advisers are capable of giving drawdown advice and […]
Nearly 50 per cent of firm’s saw their business volumes fall in the three months to March proving the financial services sector is continuing to feel the pinch.
The FSA’s internal report into the Northern Rock debacle uncovered a startling catalogue of errors and failures which, if made by an adviser firm, could have seen it fined or kicked out of the industry.
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]