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Investec Wealth poaches quartet for Edinburgh office

Investec Wealth & Investment has made four senior investment hires from Deutsche Asset & Wealth Management for its Edinburgh-based team. This group includes DAWM managing director Grant Milne, who will join IW&I in September 2013. All four will be joining the firm as senior investment directors. David Henderson and Ian Smith will join IW&I in […]

6

Lobbyists predict long wait for a long stop

Lobbyists predict efforts to pressure the Government into introducing an adviser long stop are unlikely to succeed because of the financial services industry’s tarnished reputation. Last month, Tenet launched an epetition calling for the introduction of “fair liability for financial advice”, and the removal of financial services legislation which allows the Financial Ombudsman Service to […]

3

Advisers warn poor protection sales are set to continue

Protection advisers warn the poor protection sales figures for the first half of the year look set to continue.  A combination of more expensive premiums as a result of the gender directive – which at the end of last year banned providers from charging different premiums for men and women – and a fall in […]

2

UK posts first July budget deficit since 2010

An increase in government spending has led to the UK posting its first July budget deficit since 2010, showing that public finances have yet to benefit from the country’s economic uptick. Data from the Office for National Statistics shows net borrowing, excluding temporary support for banks and the effects of the transfers from the Bank […]

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