Backbench MPs expressed deep concerns over the impact of the retail distribution review in a debate in Parliament last week. The Westminster Hall debate, secured by Conservative MP for West Worcestershire Harriett Baldwin, saw 13 MPs speak in support of constituents’ concerns about the RDR. Tory MP for High Peak Andrew Bingham said his local […]
OBSR has cut its rating on the £1bn Jupiter financial opportunities fund managed by Philip Gibbs to AA due to co-manager Guy de Blonay’s “increasing influence on the product”. OBSR says the fund, which invests in financials sector equities, lost its AAA rating following a meeting on October 14. Jupiter hired bottom-up star De Blonay […]
I concede that the macro-economic outlook for Western economies is still far from certain, with housing and employment data pointing to a continuation of weak consumer activity. However on the plus side, the Fed and other central banks have shown that they are prepared through quantitative easing and low interest rates to avoid at all […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
The boss of the online marketing company that made millions from advertising unregulated investment products of collapsed London Capital and Finance has been arrested by the Serious Fraud Office. The SFO arrested and questioned the founder of Brighton-based digital marketing company Surge Financial Paul Careless on Wednesday. Careless was then released on bail and has […]
For some reason, our society separates learning and doing. Somewhere along the way, we decided that one interfered with the other and that is to all our detriment. The thing we usually seek to label as “learning” is actually more about “education”. It revolves around compliance, rankings and whether or not something specific will be […]
Crux fund manager Richard Penny discusses an undervalued UK market, his best stockpicks of the year, and how working at a boutique differs from a multi-national business Running a UK fund in the current economic and political climate is no easy task. But Crux UK Special Situations fund manager Richard Penny says investors need to […]