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Lord Cobham retires at S&W

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.

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Nutt admits going defensive too early

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 to increase intermediary sub-prime rates over 85 per cent LTV

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 […]

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