Lighthouse Group has bought IFA and Sipp administrator Carrwood Barker Holdings in a deal worth up to 4.5m. Lighthouse is funding the acquisition of the Manchester firm, which has introducer agreements with 100 firms of chartered accountants and solicitors, with the issue of 3m worth of new shares.
Standard Life has launched an ethical corporate bond fund aimed at low risk ethical investors requiring an income.The fund will be managed by Alasdair MacLean who currently manages the firm’s select income fund. It will invest in a portfolio of corporate fixed interest and other holdings screened against Standard’s ethical process as “acceptable” and “preferred”. […]
Pink Home Loans
GMAC RFC Three Year Fixed Rate Buy-To-Let
The average investment trust discount has narrowed to 7.4 per cent – the lowest level in more than a decade – after two years of strong market growth, says the AITC.
By Kunal Desai, Manager of Neptune India Fund Kunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent compared to the MSCI India Index gain of just 14.0 […]
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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]