Morgans Financial Planning is setting up specialist mortgage company Digital Orange.The firm has invested in back-office systems to cut paperwork and believes that over the next couple of years, all mortgage advisers will use an online operation. Digital Orange is aiming to be working totally online by the end of the year. Principal Neil Soper says the industry is moving towards fewer firms conducting more business through whole-of-market specialist advice. Digital Orange will offer mortgage advice from across the range of products, including sub-prime, equity release, buy to let and let to buy.
I am looking to release equity from my property as I do not have enough income or savings to maintain the lifestyle I want. Can you please explain my options? There are few options for those who have retired to increase income from their pensions or investments. However, many retired people who manage on a […]
MFS Investment Management plans to attract UK multi-managers to its unified fund range by offering competitive total expense ratios on institutional share classes.
Positive Solutions has seen a 98 per cent increase in turnover, bringing business in the first quarter of the year to £15m from £7.5m in the same period last year. First-quarter profits rocketed by 305 per cent to £1.5m from £490,000. The firm’s annual report, published this week, also shows an increase in the number […]
Smith & Williamson has established a venture capital trust portfolio service for the IFA market.
James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist
The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading
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