The shareholders of Martin Currie Smaller Companies Investment Trust are proposing to reconstruct the company. If approved, shareholders will have the choice of rolling over their investment into a new split-capital trust called the Martin Currie Enhanced Income Trust or they can take cash.
The Corporation of Insurance & Financial Advisors has changed its name to the Corporation of Insurance, Financial & Mortgage Advisors. The trade association was initially formed in 1968 as the Corporation of Mortgage Brokers. The change was announced at its annual lunch last week.
Sun Life of Canada has appointed Tony Watts as head of audit. He will take over from John Webb, who will now carry out various special projects for the company.Watts has previously worked in similar functions for Morgan Grenfell and Deutsche Bank.
Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.
The Scottish Friendly Assurance is launching an Oeic as part of an Isa range.The Oeic sub fund will be called the Scottish Friendly Managed Growth Fund.The fund's investment management team will be headed by Julian Fosh. The investment spread will be 56 per cent UK equities, 12 per cent fixed interest, 27 per cent and […]
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]