Private investors who ignore the Financial Ombudsman Service and go straight to court may have to pay their own costs even if they win, warns law firm Reynolds Porter Chamberlain.
Platform has raised its arrangement fee and rates in a bid to control its share of the self-cert market since The Mortgage Business's temporary withdrawal from the market and BM Solutions increasing its fees. Platform has increased the arrangement fee on conforming self-cert products from £395 to £495 and raised its one-year tracker from base […]
Type: Oeic Aim: Growth and income by investing in UK equities Minimum investment: Lump sum £500, monthly £40 Investment split: 27% financials, 20% resources, 19% cyclical services, 8% non-cyclical services, 8% basic industries, 7% consumer goods, 6% general industrials, 5% utilities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, […]
Friends Provident and Skandia are together taking a £1.65m stake in listed IFA Cavanagh. Under the deal Friends Provident will pay £1m and Skandia £650,000 for newly issued shares in the national IFA. Cavanagh Group managing director Simon Redgrove says: “We have a very sound business model and the new issue allows us to continue […]
Distribution Technology is offering an internet investment and portfolio planning application to help distributors provide advisers with the tools to deliver investment advice.
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]