Indecision is not a qual- ity expected of major league fund managers. So it was with surprise that the Diary learned that North Investment Partners supremo John Husselbee was tying himself in knots over a photocall for the launch of the fund of funds boutique.Apparently, Husselbee has around 150 ties, including a couple of bespoke numbers, and had to whittle the pile down to 10 for the press pics. Ever dapper and fervently opposed to the open-necked shirt culture of boutiques, Husselbee settled on this number to make his stand against “the tyranny of dress-down Friday”.
I cannot help feeling a bit of sympathy for the high-street retailer. Virtually every other sector is pumping out solid earnings, typically in line with or beating estimates, and confidence is riding high.
Fidelity is making a number of changes to its equity portfolio management teams in what it says is a development drive for its younger managers. Mark Hodges moves on to his first retail fund portfolio after 10 years running institutional equities while Sanjeev Shah is picking up one of the firm’s biggest pan-European equities funds. […]
Intelliflo will be the biggest software provider for the IFA sector within three years, claims chief executive Nick Eatock. The company is among the five biggest software providers for the IFA market, doubling user numbers from 2,000 to 4,000 since the management buyout from former parent Millfield in January, and Eatock says the firm’s use […]
Mortgage rates have been cut by two major high street lenders following the 0.25 per cent fall in bank base rate. Alliance & Leicester and Nationwide are cutting rates on a selection of mortgages. A&L is reducing its standard variable mortgage rate by 0.25 per cent to 6.59 per cent, equivalent to a 7 per […]
This guide from Johnson Fleming, entitled ‘Choosing an auto-enrolment provider’, will take you through some key questions you need to ask and what information you want to be finding out in response to these.
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services