Annual house price growth slowed in the three months to January according to the latest figures from The Royal Insitution of Chartered Surveyors. Most of the respondents reported a rise over a fall fell to 38 per cent from 39 per cent.
Nationwide Building Society has made slight reductions in the rates on its fixed-rate and tracker mortgages. Its two-year fixed rate goes down from 4.81 per cent to 4.79 per cent while the three-year fix rate is cut from 5.11 per cent to 5.09 per cent from 5.11 per cent and the five-year fix from 5.31 […]
Sofa's new managing director Bob Bullivant is aiming for chartered status for the society. Bullivant replaces Brian Lawless who is moving to Exeter, where he becomes business development director with IFA the Jelf Group. Bullivant is joining Sofa from Britannic Retirement Solutions, where he was corporate development director before the firm closed its doors to […]
The year is just a few weeks old and yet I feel a stream of consciousness of financial services policy events hitting us all. Standard Life, Penrose, the Treasury select committee and endowment sales, the Child Trust Fund Bill, the FSA business plan and structure, financial capability, price capping, the Retirement Income Reform Bill, Informed […]
Standard Life's true capital position is “significantly weaker” than the company has claimed and the industry believed, says rating agency Fitch. The report – Reality Check: Is Standard That Poor? – warns that the plans to raise £750m in hybrid debt will be costly and that Standard's days as a mutual are numbered. It says: […]
Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.
In the video, Wintle addresses the following:
• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]