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Advisers slam new advice firm over ‘low cost’ claims

Advisers have slammed claims from a new firm that it offers a service equivalent to full regulated advice at a lower cost. The new firm, called Flying Colours and launched by former Octopus co-founder Guy Myles, provides advice over the telephone and online. The overall cost is between 0.5 per cent and 1.05 per cent. […]

Daniel Godfrey: Brexit would not be a disaster for UK fund managers

Former Investment Association chief executive Daniel Godfrey believes a vote for the UK to leave the European Union would not be a “recipe for disaster” for the fund management industry. Speaking to Money Marketing sister-title Fund Strategy, Godfrey says: “We don’t know what the terms of Brexit will be, but for investment management it is […]

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UK unemployment rate drops to 5.1%

The UK unemployment rate fell to 5.1 per cent between November and January, down from 5.7 per cent a year earlier, new analysis from the Office for National Statistics show. Figures for the three months to January show the total number of people registered as unemployed dropped 28,000 compared to the previous quarter to 1.68 […]

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Fundsmith’s Terry Smith sues Barclays for £220k

Terry Smith is suing Barclays for £220,000 for failing to transfer money, claiming he lost out on investment returns in his Fundsmith Equity fund. Smith, who was formerly the boss of Tullett Prebon, says it took Barclays almost three years to transfer money from a company owned by him, reports The Times. Smith says he […]

Neptune launches Japan Institutional Fund

By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]

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