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Labour MP calls for Scottish solicitors to face endowment claims

Labour MP Sandra Osborne has tabled an Early Day Motion backing those who may have been missold endowment mortgages from solicitors in Scotland and do not qualify for compensation.
The MP for Ayr, Carrick and Cumnock has called on the Government to investigate the ‘anomaly’ whereby prior to December 2001 solicitors in Scotland selling endowment mortgages were not regulated by the FSA, meaning clients have no redress through the FOS.
Osborne has gained the support of Treasury Select Committee chairman John McFall who is writing to the FSA on the issue.
The maximum payout for these clients before the introduction of the Financial Services and Markets Act is 1,000 from the Law Society.


Crips bids to repeat UK growth success offshore

Walker Crips is to set up an offshore version of its UK growth fund in a venture with Collins Stewart and plans a high-alpha product next year. It aims to use Collins Stewart’s offshore distribution through a Dublin-listed version of its UK growth fund managed by Stephen Bailey and Jan Luthman. Collins Stewart’s purchase of […]

Nigel Legge

The investment boutique chief who once bought a curry for his staff’s Christmas party tells James Phillipps that a good working environment is key to retaining top fund managers

Perpetual notions

Philip Scott finds out how three of Invesco Perpetual’s leading fund managers produce their outstanding investment results

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


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