Three-month Libor fell to 3.37 per cent this afternoon, but the Bank of England’s rate cut of 1 per cent means Libor is still 1.37 per cent above base rate.
The issue of sale and rent back has hit the headlines once again, as Britons facing the economic downturn cast about for ways to ease their financial suffering.
Packaged products on platforms, re-registration and adviser-owned funds will all come under scrutiny as part of the retail distribution review.
Gartmore has confirmed the roles of fund managers Ashley Willing and Karl Bergqwist have been made redundant.
Hargreaves Lansdown has removed all New Star funds from its Wealth 150 list following uncertainty surrounding the investment group’s future.
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]