Jubilee Financial Products has cancelled the early redemption plan issue 4 due to compliance issues with new FSA guidelines. It will refund client money immediately and will launch a replacement as soon as possible.
Cofunds has appointed Stephen Wynne-Jones as head of marketing operations.
The online academy is worth the cost of Aifa membership
Fidelity International says platforms using guided architecture or packaged fund lists should have to disclose all commercial considerations involved in the providers being included. UK retail sales head Peter Hicks warns that if this data is not available then advisers are “left in the dark”. He says: “It is all very well saying this is […]
Warnings that the ‘securitisation’ of life settlements could turn into the next ‘sub-prime’ disaster were universally rejected at a recent major industry conference in Washington, according to manager Policy Selection Limited.
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
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The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]