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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There is no chance the FCA will let the issue rest but any policy decisions need to be informed by facts, not rhetoric
Robo-adviser Scalable Capital has moved into offering full financial advice. The Europe-wide firm will charge a fixed £200 fee if an investor decides to progress beyond an initial free session. According to Scalable Capital’s website the advice session can either take place over the phone or in person, and investors will get a full suitability […]
Typical transfer values for defined benefit scheme members remained high during 2017, ending the year at £236,000, according to Xafinity’s latest date. This was little changed from the end of 2016 when the figure was £234,000 the Xafinity Transfer Value Index shows. However there was some volatility over the year as the difference between the […]