Neptune Investment Management has teamed up with private equity manager Calculus to offer the Neptune-Calculus income and growth VCT. The VCT will provide twice yearly tax-free dividends and capital growth. Initially, all the money raised through the offer will be inves-ted in a portfolio of Neptune income funds, UK shares and money market instruments. The […]
I have been reading the December 9 edition of Money Marketing in relation to the FOS seeking regulation for no win/no fee endowment complaint handlers. It always amuses me when I read this as it seems to me that this growth market is one that has been created by the impression that the FOS scheme […]
Do you think whole-of-life policies have been widely missold?”Yes. I think if whole-of-life products have been sold as savings vehicles then there could be a widespread problem.” Geoff Castell, Geoff Castell”No. Personally I would not say there is a great problem. The products are fine, it is a question of how they are sold.” Mark […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
The total sum of missing pension savings has been estimated to be worth nearly £20bn in research carried out for the Association of British Insurers. The Pensions Policy Institute surveyed firms representing about 50 per cent of the private defined contribution pensions market and finds there are 800,000 lost pensions worth an estimated £9.7bn. It […]
Fundsmith has raised more than £800m for the launch of its new investment trust, Smithson. Trading for the new vehicle overseen by star manager Terry Smith, who put £25m of his own cash into the project, is expected to go live on Friday. Fundsmith plans to target smaller and mid cap opportunities with the investment trust, […]
The acquisition of fellow wealth manager Speirs & Jeffrey has helped boost assets under management at Rathbones by £6bn, the firm’s latest results show. Rathbones’ funds at the end of the third quarter stood at £47.3bn after bolting on £6.7bn from the merger. Without the acquisition, Rathbones says it would have reported a 1.8 per cent […]