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 […]
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 […]
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]