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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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]