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 […]
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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Providers will have to submit data on pension transfers, the rate of withdrawal from drawdown, number of annuities sold and use of advice and Pension Wise
David Smith says he is happy to buy asset managers in spite of ongoing regulatory scrutiny
Trail is not a payment for service; it remains at best an inducement and at worst a bribe