The deal, offered from Monday 15 March, has a booking fee of £999 and is available at a maximum 60 per cent loan-to-value.
Jupiter Asset Management has sought an amendment to its £375m loan documents, paving the way for a possible initial public offering.
Cautious funds should be defined in terms of the outcome for investors rather than IMA sector limits and risk profile, according to M&G Investments head of multi-asset David Jane.
An Aviva survey has found that 12.5 per cent of homeowners between 65 and 74 still have a mortgage. This is not surprising as there will be a substantial minority of homeowners aged over 65 who can still afford a mortgage or have chosen to take out a lifetime mortgage with interest rolled up. Some […]
Lifemark has issued a notice to bondholders declaring that several bonds underpinning Keydata plans have defaulted on income payments. The firm informed bondholders of the development on March 2 and Keydata administrator PricewaterhouseCoopers confirmed it will affect coupon payments for all 23,000 Keydata Lifemark investors, who have around £349m invested. Lifemark suspended income payments to […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]