The Council of Mortgage Lenders says the number of loans taken out for house purchase in each of the last three months was more than 30 per cent down on the same period last year. It predicts this decline will continue throughout 2008.
JPMorgan has launched a new fund that taps into the growing consumer and behavioural patterns in both Western and Eastern markets.The global consumer trends fund launched on Monday under the management of Peter Kirkman.The fund invest in 40 to 100 stocks focussing on the three main investment opportunities of demographic changes, wellness and health and […]
Thinc Group has acquired Southampton-based IFA firm FS3 as it continues its financial planning acquisition spree.FS3 has around £100m of funds under management – £75m of personal wealth management and the rest on behalf of corporate clients.The firm was set up in 2001 by certified and chartered financial planner Mike Godfrey, who will continue at […]
The current liquidity crisis looks set to be worse than the fallout from the crash of technology stocks and it could be at least two years before the market recovers, according to a Morgan Stanley/Oliver Wyman report into the state of banking and financials stocks.With continued fallout from US sub-prime concerns, UK banks pulling out […]
JC Flowers could walk away from a potential deal with Friends Provident before the end of the month deadline which has been imposed by the embattled life insurer.
By Mark Martin, Investment Director & Head of UK Equities Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology