Smith & Williamson deputy chairman Lord Cobham is retiring from full-time employment but will continue to work as an adviser for the firm. David Cobb becomes head of investment management and Geoff Windebank as finance director in a group reshuffle.
Jupiter income trust manager Tony Nutt says the fund’s performance suffered after he went defensive too early.The £4.2bn fund celebrates its 20th anniversary this month and has long been an IFA favourite.Over the first eight months of this year, it returned a loss of 2.07 per cent compared with a 4 per cent rise in […]
GMAC-RFC has revealed it will be re-pricing its non-conforming products over 85 per cent loan to value tomorrow.It says it will confirm tomorrow how much it will increase its rates by but says its SVR will remain unchanged.This comes after it announced to its partners that it will increase rates by 0.5 per cent on […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]