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 […]
Out of context “If you hear any music, don’t worry, it’s not my iPod.” Pimfa’s Liz Field apologises to MM after train delays force her to dash into a coffee shop for an interview “Paid in wine please.” Yardstick Agency Founder Phil Bray jokes about his payment preference after giving financial planning personality Phil Billingham a […]
Inflation stayed put at 2.4 per cent in June, bucking against an expectation it would rise to 2.6 per cent. Data from the Office for National Statistics released today show inflation will remain at its lowest level for 12 months. Smith & Williamson Global Inflation-Linked Bond Fund manager Thomas Wells says the Bank of England will now […]