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HSBC opens property fund

HSBC launches its open global property fund, which will offer daily dealing, this week. The fund will be run by Guy Morrell and will be structured as a non-Ucits retail scheme with retail and institutional share classes.

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Advisers’ relieved at Pearl winning Resolution battle

Advisers are welcoming the news that the Board of Resolution has recommended Pearl’s takeover offer to its shareholders, saying they had concerns over a deal with the other contenders.Richard Jacobs Pensions & Trustee Services director Richard Jacobs says he is glad that Friends Provident and Standard Life did not win the battle for Resolution because […]

‘Concentrate on specialist advice, not taking exams’

Technology-based national IFA 2Plan says chartered status is a more important aspiration for adviser firms than it is for individual advisers.The firm, which opened its Leeds HQ last week, says individual advisers should focus on specialising rather than taking lots of exams.Chief executive Chris Smallwood says: “We do not believe every adviser needs to be […]

Chancellor to only support NR proposal which protects depositors and tax-payers

The Chancellor has reasserted that the Government would only support a proposal for Northern Rock that protects the interest of the depositors and the tax-payers in the House of Commons yesterday.Alistair Darling told MPs that the government-backed loans given to the bank – worth around £24bn – must be repaid.He said: “The Government has a […]

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