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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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]