Insight has addedPaul Dagger, John Humphries and Gareth McMaster to its intermediary sales team.
Liverpool-based Midas Capital Partners is raising 20- 35m in C shares for the Midas income & growth trust, the investment trust mandate it took over from Aberdeen last August.
Old Mutual has declared its offer for Skandia as wholly unconditional remaining open until February 9, with final settlement expected by February 17 2006.72.3 per cent of Skandia’s shareholders have now accepted the offer, with the firm announcing an extraodinary general meeting for February 21, to elect a new board. Skandia’s UK arm says it […]
Leeds and Mercantile building societies are set to merge to create a company with 7bn of assets under management. The new venture will use the Leeds Building Society brand and the aim is to complete the deal by August 1. The societies have combined assets of 7bn, with 6.7bn from Leeds, 69 branches and 1,000 […]
Prime 100% 3 Year Fixed Fee Assist
By James Dowey, chief economist & CIO at Neptune WHATEVER HAPPENED TO THE GOOD OLD DAYS OF CHUGGING ALONG AT 3 PER CENT A YEAR? That was the average rate of real economic growth in the advanced world from the end of the Second World War until the late 2000s. Despite all of the recessions and social changes […]
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Sesame must compensate a client who complained she was missold a personal pension by one of the network’s former appointed representatives. According to a Financial Ombudsman Service decision, in 2002, Mrs P met with an adviser of a business that was at the time an appointed representative of Sesame. Following this meeting Mrs P agreed […]
Financial advisers need to engage in less systematic risk tolerance testing to position clients for high investment returns, according to risk profiling firm Oxford Risk. Speaking at a FinaMetrica/miPlanPlus event today, Oxford Risk head of behavioural finance Greg Davies says suitability across the industry is “rife with poor practice”. Davies says the most common adviser […]
The FCA is attempting to ban the boss of a debt management firm for allegedly using client money to purchase the business. Darren Lee Newton purchased First Step from former director Christine Whitehurst in 2013. The FCA argues he funded the deal through client money rather than out of his own pocket. Newton allowed more […]