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HNW investors refocus on films

Films are attracting increasing investor interest in the economic downturn, says wealth management firm Route Group.

The firm launched its Footprint investment fund last November allowing clients to invest within the film industry directly or through pooled investment vehicles.

These investments provide short and medium-term liquidity to producers and distributors of film by way of short to medium-term loans secured against a range of assets such as tax credits, underlying copyright and distribution rights.

Route Wealth Management technical adviser Jonathan Brownlow says: “These days, lending to film producers seems a lot more sexy than investing in more traditional vehicles such as the FTSE global equity index. Some of our more savvy clients see great opportunities in this sector as it is commercially viable and not based on equity investment so is shielded from market volatility.”

Route Group managing director Mark Worrall says: “These investments are taxefficient and of particular interest to our clients at their margin of portfolio. They are by no means low risk but as our clients are high earners, they work very well.”


Mortgage approvals down by 28%

Mortgage approvals fell by 28 per cent in May, according to the Bank of England. Only 42,000 approvals were recorded, down by 64 per cent from 12 months ago. It is the lowest figure since the Bank began reporting the data in 1993.

Darling increases savings protection

Chancellor Alistair Darling has proposed raising the compensation limit for savers with deposits in failed banks from £35,000 to £50,000 but a Treasury consultation paper stops short of recommending pre-funding for the Financial Services Compensation Scheme.

The CII launches podcasts on TCF

The CII has launched a series of podcasts on treating customers fairly aiming to offer a simple guide to the regulation for advisers and insurers.

Industry takes hit to profitability

Profitability in the UK financial services industry has declined at a record pace and business volumes have fallen at the fastest rate in 17 years, according to a PricewaterhouseCoopers survey.

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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