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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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]