UK all companies was the top-selling retail fund sector in July. Market volatility hit inflows, with Isa sales dropping to £90m, 17 per cent down on than June and down by 28 per cent from July 2006.
The New Star international property fund has now exceeded 300m in assets under management in under three months. The company says the fund, which raised 206m at launch, is the first fund of its kind to offer UK retail investors access to international direct commercial property.
StanLib is setting up South African equity and regional African funds and claims that the investment outlook for the continent has never been stronger.The Standard Africa equity fund will invest in up to 16 equity markets across Africa with its initial holdings focused in Egypt, Morocco, Nigeria and Kenya.It will also have the freedom to […]
Royal Liver chief actuary David Ford is leaving to become senior life actuary at Zurich. Ford, who has been at Royal Liver for 12 years, will continue in his current role until the end of the year.
Royal Bank of Scotland Intermediary Partners has recruited Melanie Buckingham to head up sales for The One Account from September 3.Buckingham will spearhead the growth in sales of current account and flexible mortgages in the intermediary market. She will manage a team of field and phone-based business development managers who will cover the UK.Buckingham previously […]
By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]
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- Top trends
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- ATS staff departures continue as platform commits to improved adviser experience
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]