The High Court has wound up a scam property fund which took £880,000 from investors and promised returns of up to 51 per cent a year. The FCA says the fund was wound up earlier this month at its request and a liquidator appointed to investigate Hermay’s activities. The regulator says the firm had been […]
Towers Watson and Threadneedle Investments’ parent company are among the bidders circling Russell Investments, the US asset manager being sold by the London Stock Exchange Group. The FT reports an auction process for the business is now in the second round. Russell Investments has $273bn (£177bn) in funds under management and is expected to be […]
With the general election now only weeks away, Money Marketing assesses the manifesto pledges affecting advisers and their clients. Tax While cracking down on tax evasion and aggressive avoidance has proved popular territory for all the major parties, several are also seeking to ameliorate the tax loads of voters. The Conservatives have promised to raise […]
Bank of England governor Mark Carney says the UK should hold a referendum on its membership of the EU “as soon as necessary”. Speaking on the BBC’s Today programme yesterday, Carney said: “We talk to a lot of bosses and there has been uncertainty, whether it’s for the election or the referendum.” He said businesses […]
The political uncertainty in Europe is not deterring the Artemis European Opportunities Fund, says manager Laurent Millet. There are still stocks, he tells Artemis’ Ross Leckie, which should thrive.
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