IFA InterAlliance has opened an office in Edinburgh targeting high net worth clients in the east of Scotland as part of its expansion strategy. Four months ago the IFA announced it was issuing two million shares in a bid to raise £8m. It has 38 practices and 415 registered individuals.
Fund manager Capel Cure Sharp is warning investors that the current economic cycle is likely follow the same pattern as past ones.In its latest portfolio strategy it says: “Economies expand, they reach the point eventually where inflation accelerates and the monetary authorities expand by raising interest rates.”It says the US bond market is having second […]
Equitable Life has welcomed the High Court judgement on Guaranteed Annuities.The mutual life office has particularly welcomed the decision by the court that the directors have discretion which is “well wide enough” to grant final bonuses on an amount conditional on the form in which benefits are taken by the policyholder.It also welcomes the ruling […]
Pensions specialist Friends Provident plans to invest 1 per cent of its assets in private equity.The life office has passed responsibility for the investment to fund management subsidiary Friends Ivory & Sime.Friends Provident's life fund has assets of £17bn which means a total of £170m will be invested.The move follows a call by Prime Minister […]
Royal & Sun Alliance International Financial Services has added three funds to its range of mirror funds. They are Edinburgh Fund Managers US and UK Safety First funds and Investec Guinness Flight's new Wired Index fund. All three will be available from September 7.
By Simon Fletcher
As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.
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Transaction reporting Transaction reporting is the reporting of information about trades in reportable financial instruments, such as shares, ETFs, VCTs, investment trusts and structured products. Reporting covers purchases, sales and modifications of reportable instruments. Mifid II proposes important changes to these obligations which will potentially affect all investment firms. Some exemptions will apply. For instance, […]
It may look strange that the second largest asset manager in the world is now pushing its new active funds in the UK market at a time when passive funds are seeing record flows. But having amassed more than $215bn globally in its funds since the start of the year, this is unlikely to be […]
Much more needs to be done to help educate consumers on the vital difference between receiving guidance or advice