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.
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 […]
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 […]
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 […]
It looks like the wait is finally over for Burns-Anderson as Money Portal is strongly tipped as being about to close a deal to buy the Bristol-based company.
Video update from Mark Martin, Head of UK Equities, Neptune Investment Management With the Brexit referendum scheduled for 23 June, how much risk is priced into the market and is the current volatility a long-term buying opportunity? Watch Mark Martin, Head of UK Equities, and Holly Cassell, Assistant Manager on the UK Mid Cap and […]
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- Top trends
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Two Fidelity fund managers are facing accusations of sexual harassment and have left the asset manager in the past month, according to reports. Sources have told the Financial Times and the Wall Street Journal that complaints about sexual comments and behaviour led to two long-serving members of Fidelity’s $1.3trn equity division being pushed out. An […]
Advisers will soon have to tell the FCA how many esoteric investments they have recommended as part of their regulatory returns. The move comes as the FCA continues its review of Financial Services Compensation Scheme funding, and would allow the regulator to introduce risk-based levies if it chose to. FCA analysis shows that around a […]