The Invesco Perpetual Aim VCT will offer 25m in new ordinary shares in January 2006. The trust launched in June 2004 and was the most successful by a new entrant into the VCT market, raising 25.1m through an offer for subscription.
Misys’ stockmarket value would be increased by offloading Sesame for almost any price, according to analysts. Bell Lawrie small cap analyst Ian McArthur says he agrees with the sentiment of a recent Cazenove report which has been reported as suggesting Misys stock would be boosted by ditching the IFA network for a nominal fee. McArthur […]
Abbey has confirmed that more jobs are likely to go as part of the Grupo Santander cost-cutting plan. It is understood that 2,500 cuts will be made next year. The three-year plan is to increase revenue between 5 and 10 per cent on a yearly cumulative basis and transform Abbey into a full-service retail bank.
Perhaps MM could arrange for a televised/internet debate between Simon Chamberlain (Thinc Destini), David Harrison (Positive Solutions) and Paul Tebutt (Millfield). May I suggest Paxman as host/referee? After all there is no boxing on TV anymore. I would imagine that Tebutt and Chamberlain would want to join together as a tag team coming up against […]
Tory work and pensions shadow Sir Malcolm Rifkind has tabled a Private Members Bill calling for the introduction of a savings and retirement account, SaRa, as an alternative to stakeholder pensions. The product would allow cap-ital withdrawals but would be designed to encourage longer-term saving.
When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]