The average investment trust discount has fallen to 7.4 per cent, its lowest level in more than a decade following two years of strong market growth. The AITC says greater focus on good governance and the increased use of discount control mechanisms, such as share buybacks also helped.
The historical pension divide based on gender must be brought to an end through the forthcoming pension reforms, says a Department for Work and Pensions report. The Women and Pensions report was the brainchild of former Work and Pensions Secretary David Blunkett and was published on Wednesday last week – the day he resigned from […]
Focus Business Solutions has announced a new strategic partnership with Dashboard Software to deliver ‘best of breed’ technology solutions to mortgage brokers and packagers.The partnership offers brokers, packagers and lenders an instant compliant KFIs service, a new fully integrated ‘out of the box’ lender back-office and intermediary extranet solution and an electronic mortgage application document […]
Schroders and Jupiter fund managers in Fidelity row on ‘overvalued’ asset class
Investment trust discounts have narrowed to their lowest levels in over a decade, according to the AITC.Average discounts have fallen to 7.4 per cent, as of 30 September, compared to a longer term trend level of around 11 per cent.While strong equity markets over the past two years have contributed markedly to this, the AITC […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]