“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan.
The FCA will force RBS to conduct an inquiry to find out how news that it would pay back an expected £400m to business customers in its former Global Restructuring Group leaked ahead of an announcement from the regulator. The FCA was due to release a statement on what action it was taking at 7am this […]
Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.
LV= is consulting with staff on a proposal to stop selling enhanced annuities and increase its focus on secure drawdown. The insurer says the proposed move follows a review of its annuity business and reflects changes in retirees’ buying habits since pension freedoms, as well as the interest rate and regulatory environment. LV= will offer […]
The UK’s largest independent mortgage broker London & Country has set out plans for an initial public offering. L&C has set a deadline of December 2018 to list, but has not said which exchange it is targeting. It has also not said how much it hopes to raise through the IPO. The decision follows three […]
Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]