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Charles Stanley appoints head of intermediary distribution

Wealth manager Charles Stanley has appointed Mark Pittaccio as head of intermediary distribution. Pittaccio joins from network In Partnership where he was group investment director. He was previously investment director at Thinc Group and founded advice firm Highfield Financial Services. In his new role Pattaccio will be responsible for developing the national sales team and […]

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Half of ‘buy list’ funds underperform

Half of funds included on buy lists on direct-to-consumer platforms have underperformed compared to their sector average over five years, research has found. The Financial Times cites a study by consumer finance website Boring Money which looked the 29 most popular funds included on buy lists on the likes of Hargreaves Lansdown, Barclays Stockbrokers, TD […]

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US investment firm leads race to buy Northern Rock loan book

A US investment firm has emerged as the preferred bidder to buy a £13bn tranche of Northern Rock mortgages. The Sunday Times reports New York-based Cerberus Capital Management has teamed up with Morgan Stanley as part of its bid for the loan book. The investment fund has been caught up in a bribery scandal involving […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]

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