Global IFA Montpelier Group is launching Montpelier Fund Management this week through a joint venture with Montague Capital. The merger with the Stratford-upon-Avon- based global investment manager, which is effec- tive immediately, will allow Montpelier to offer high-net-worth clients discretionary and advisory portfolio management advice, with access to Montague’s 12 investment managers, in addition to the tax and financial advice it currently offers.
Standard Life is understood to be in negotiations to buy up to 40 per cent of the Tenet group in a deal that would value the independent group at 86m. Tenet has over 5,000 advisers and is the third-biggest IFA group behind Bankhall and Sesame. It owns seven subsidiaries, including mortgage specialist Lime, the M&E […]
New Star Investment Funds has appointed Phil Wagstaff as managing director, UK retail sales and marketing, effective from September 7.Wagstaff joins from M&G, where he was MD of its UK retail business.He will report to Mark Skinner managing director, sales and marketing, who has overall responsibility for New Star’s UK and international fund distribution.New Star’s […]
Matt Davis finds that equity markets have ridden out the terrorism
It has been estimated that age discrimination costs the UK economy upwards of 31bn a year. Stereotypes about age are part of the culture in many offices. For older workers, these unfair and unjust prejudices mean they can struggle to get a new job, get training or be awarded a promotion and are often forced […]
Vincent Chailley, CIO of H2O Asset Management, discusses the key investment factors in 2016, including volatility, the disconnection between central banks and its implications on markets, as well as opportunities that may exist for investors.
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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]