Michael Walker has resigned as director of Murray VCTs 2 and 3, after the trusts moved management of their funds from Aberdeen to Close. Aberdeen fund manager Bill Nixon had suggested merging some of the Murray VCTs as a means to reduce costs. IFAs and industry commentators have speculated that the decision to sack Nixon was the result of self-interest on the part of board members, wanting to preserve their jobs.
Jupiter Asset Management has recruited Aled Jones from Innovest to join its socially responsible investment unit.
IFAs are up in arms over basic annual fees of up to 1.8 per cent for Barclays Investment Management Service, arguing that this is money for nothing.
The Norwich Union active protector fund is an Oeic fund of funds which uses constant proportion portfolio insurance to lock in 80 per cent of the highest share price.
The problem with joining Money Marketing is that you can never really leave – it is the Bermuda triangle of financial services. MM reporters past and present are lurking, sorry, working everywhere.
Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]