Bringing investment trust shares under regulated product listings would fail to improve the way they are brought to market, according to the Law Society. In its response to the FSA's consultation paper on proposed listing rules, it says detailed regulation governing investment powers, borrowings and derivative trading would negate trusts' flexible structure. Instead, it believes controls should be placed on the marketing and promotion of shares in investment companies.
The FSA has obtained a permanent injunction against unqualified accountant and bookkeeper Alan Evitts, preventing him illegally taking deposits from investors. The High Court heard that Evitts, from Glossop, Derbyshire, had illegally taken nearly £150,000 in deposits from potential investors and made a number of false and misleading statements. The court order also prevents him […]
When gauging the question if investor sentiment has changed forever, I received a short-term answer when I attended a Budget presentation lunch event last week. Those of us around the table introduced ourselves and one executive blurted out “I hope you are not going to sell me a pension” to laughter. I was hardly going […]
The LIA and Aifa are urging the Office of Fair Trading to recognise the “monopolistic nature” of the IFA professional indemnity market and take action to address these competition concerns. The trade bodies say it is essential as part of its review of employer liability insurance that the OFT considers the crisis in the IFA […]
Keydata Investment Services has established a fourth issue of the extra income plan, a guaranteed equity bond linked to the FTSE 100 index during a five-year term. The bond initially offers investors a choice between two options. Option one provides a further choice of 8 per cent income a year, 1.93 per cent income a […]
The fastest growers in the Artemis Global Select Fund this year were also the largest companies, Amazon and Nike. Simon is looking to buy more like them in 2016.
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Aviva has triggered a five day platform blackout as it moves to new technology. The platform will be unavailable from 6pm on Wednesday 17 January through to Monday 22 January while the provider manages its transition onto an updated system run by technology provider FNZ. The downtime will affect Aviva’s investment platform only, but other adviser […]
JLM Mortgage Services has launched the first stage of its new ‘robo advice’ service. The mortgage and protection network claims it is the first network to launch such a tool to its members. The Virtual Adviser will allow member brokers to offer an online service to residential and buy-to-let customers. This service will offer an […]
Providers should listen closer to advisers and consumers when deciding what initiatives will work