Lloyds Banking Group has reported a return to profitability in the first quarter, although no precise figures are disclosed in the management statement.
Former Money Portal subsidiary Bates Investment Services has been declared in default by the Financial Services Compensation Scheme.
A financial think-tank has warned that all three parties are not forthcoming with the fact that the UK faces the deepest public spending cuts since the late seventies.
Investing certainly is not getting any easier. There are so many economic problems arising that you could be forgiven for going off investments altogether. In fact, the vast majority of investors I come across nowadays are bearish, which is actually making me feel increasingly bullish. Some seem to be confusing economics with the stockmarket but […]
Neil Pegrum, manager of the Cazenove UK dynamic fund and two dynamic long/short funds, has left to join Soros Fund Management. Julie Dean, manager of the Cazenove UK opportunities fund, has taken over the management of the long-only £116m UK dynamic fund. Paul Marriage, who co-managed the two long/short absolute return funds with Pegrum – […]
As the US continues to confound growth expectations and the eurozone’s ‘will they, won’t they’ saga has finally concluded, what are the implications for global markets? James Dowey, Neptune’s chief economist, puts forward his outlook for 2015 and the key considerations for investors.
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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 […]