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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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
Five overlooked government credits and allowances advisers should look out for