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
- Top trends
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Aviva Investors multi-asset senior fund manager Nick Samouilhan is to leave the firm after seven years “to pursue other opportunities” within the industry. Samouilhan, who manages Aviva’s risk-targeted multi-asset funds and co-manages its £2.4bn Multi Strategy Target Income fund, will be replaced by Gavin Counsell, who currently manages a number of other multi-asset funds for […]
Lender acknowledges “valuable support” of intermediaries
Rathbones is re-branding its Recovery fund to remove the “ambiguous” term from its name while cutting the annual management charge to attract investment into the fund. The plans coincide with the fund’s co-manager Jo Rands’ decision to leave the firm to pursue interests outside the investment industry. Co-manager Alexandra Jackson will continue to run the […]