Neptune is to merge its £11m global income fund into the £548m global equity fund and will introduce an income share class on the combined Oeic.
Aifa chairman John Gummer has called on Hector Sants to improve the FSA’s relationship with Europe and learn lessons from the European Union to create more sensible regulations. Speaking at the Aifa dinner last night, Gummer said the priority for the new FSA chief executive was understanding the UK’s position within the EU and showing […]
BM Solutions has launched 30 new products in each of its three existing rental tiers in its BTL range.Rental incomes are now calculated on the product payrate throughout the entire range. A range of incentives, including valuation refunds and cashback, are also available on some deals. Examples of the products include a 5.25 per cent […]
The last month has seen Sainsbury’s and Tesco running promotions through their loyalty programmes to promote their life insur-ance but the move has been criticised by some advisers as a gimmick.
The FSA has closed down Manchester broker M Young Legal Associates for leaving clients uninsured by selling them insurance without underwriting in place.The regulator has banned managing director Michael Young, also known as Mohammad Younas Yousaf, and financial director Asif Habib Malik for their roles in the affair.The firm advised on and sold after-the-event legal […]
Different growth cycles require different investment strategies. In this short video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management, explains how he implements this across the RL GMAPs using the Investment Clock. Click here
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]