Liontrust has unveiled a 12 per cent profit rise for the 12 months to the end of March. Assets under management rose by 8 per cent to £5.5bn.
Bradford & Bingley has been touted as a potential bidder for Kensington Group, which confirmed it was in advanced takeover talks last week.John Charcol senior technical director Ray Boulger says B&B has been buying books of business and this would accelerate a move into sub-prime.He says: “B&B has been buying a lot of books of […]
Stephen Whittaker is to pass control of the UK equity portion of the New Star tri-star fund to Edward Collins.Collins will initially co-manage the equity portion in tandem with Whittaker before taking over sole control later this year.Collins has run the Dublin-based New Star UK dynamic fund since February 2006. The fund is ranked 20th […]
How very different life is now compared with when I started as an adviser. Clients are more demanding of service and the timescale of its delivery. Containing costs is key to a profitable business. Some costs such as regulatory costs are unavoidable. Some such as administration costs are controllable.These demands led us to consider what […]
Outgoing Standard Life chairman Sir Brian Stewart came under fire from shareholders over the performance of the life office’s endowment policies at the first AGM since it became a listed plc.
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
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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 […]