The Mortgage Code Compliance Board’s 1m surplus following its liquidation at M-Day will be distributed to a combination of projects. Around 300,000 will go towards the Money Advice Trust and 300,000 on training for mortgage advisers. The rest will go to the FSA to reduce mortgage advisers’ fees at the next fee cycle.
Jupiter’s global green investment trust is fighting to fend off an attack from arbitrageurs after a shareholder demanded an EGM to wind up the fund.
The Financial Services Skills Council is consulting on compliance standards for staff working in compliance and money- laundering prevention.
F&C director of fund of funds Richard Philbin has disclosed the low levels of turnover of holdings on the firm’s multi-manager distribution fund.
Woolwich Plan Managers
Capital Growth Plan 8
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]