Manchester Building Society’s profits fell by 71 per cent in 2009 to £700,000 from £2.4m in 2008 after it wrote off a £2.5m shareholding in disbanded network Network Data.
Gartmore has suspended fund manager Guillaume Rambourg pending the outcome of an internal probe regarding possible breaches in directing trades. The move was made in consultation with the FSA and Gartmore says it has not found any information to date which suggests that the firm’s clients have suffered a loss as a result of any […]
Blue Sky Asset Management has launched the enhanced growth plan FTSE 100 series.
Eighty per cent of advisers would support Aifa in a legal challenge against the £80m Financial Services Compensation Scheme industry levy, according to an IFA survey.
HML has told its staff yesterday that it could cut over 100 jobs after a review of the business.
Matt Shafer, Head of International Distribution, discusses the firm’s philosophy around Durable Portfolio Construction, particularly the importance of putting risk first, thinking about better ways to use traditional asset classes and how to position alternatives in portfolios.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]