Manager Simon Edelsten sold China at the right time, so has cash to spend on opportunities created by the turmoil.
I tried recently to explain the virtues of cash to a hall full of financial advisers. It was hard going. Not least because some seemed determined to misunderstand me and then argue against not what I had said but their misunderstanding of it. Sigh. So, here goes again… Cash has its place. Not just for […]
Providers, advisers and politicians are calling on the Government to investigate how a Citizens Advice delivery centre was able to use Pension Wise-funded staff for non-pensions work. Earlier today, Money Marketing revealed how the Derbyshire Districts branch redeployed staff funded by a £35m a year levy on financial services firms and advisers. Citizens Advice says […]
Earlier this year, the FCA published a lengthy article comprising feedback on a call put out to regulated firms for examples of where they considered it had “acted in a retrospective manner”. This exercise arose from an awareness at the regulator that firms often considered it had retrospectively moved the goalposts. According to such firms, […]
The Government is considering “rationalising” the guidance services offered by the Money Advice Service and Pension Wise to reduce duplication between the offerings. Currently, pension guidance is provided through Citizens Advice and the The Pensions Advisory Service in the form of Pension Wise, while the MAS also publishes retirement savings information on its website. In a […]
Macroeconomic matters are less significant for stockpickers, says fund manager Philip Wolstencroft. The companies in his portfolio are growing reliably and stand at a 20 per cent discount to the market.
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Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]
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The Budget will lay out Government plans to help build 300,000 new homes a year, according to Chancellor Philip Hammond. The plans will include fasttracking developments with planning permission. Hammond said the Government would use “powers of state” to get homes built on these sites, according to the BBC. The Government will also unveil plans to […]