T Bailey is to launch a UK best ideas portfolio on October 1, meshing fund of funds and conviction investing. It will be made up of 10 UK equity funds, each with a weighting of 10 per cent. It will be managed by Richard Martin and Jason Britton. Skandia Investment Management is to launch its new UK strategic best ideas fund on September 19. The portfolio will allow each manager the flexibility to profit from rising shares (longs) and falling shares (shorts).
Do you think it is acceptable for fund managers to charge a premium for consistently outperforming funds?Yes 38%No 62%No “Charging a premium is usually a one-way street, in that if a fund performs, they raise the fee but if it fails over a period – as most inevitably do – the lower charge will not […]
The FSA has fined Select Mortgage Services £10,500 for poor financial promotions, inadequate sales processes and inappropriate systems and controls to manage its business.
Hargreaves Lansdown’s first annual results as a listed company show a 67 per cent increase in operating profits to £40.7m from £24.3m.Assets under administration also rose by 67 per cent from £6.1bn to £10.2bn. Group revenue was £98.8m in the year to June 30 compared with £73.5m the previous year. The proportion of recurring revenue […]
Pension scheme deficits have improved during August despite the market volatility over recent weeks according to Aon Consulting.Rising bond yields and favourable investment returns have ensured that pension schemes are still better off over the course of the month according to Aon. Over the month of August 2007, the largest 200 UK pension funds’ aggregate deficit […]
Survey reveals three-fifths of people with potential inheritance tax bill unaware their estate may be liable for IHT Over half don’t know that IHT rate is charged at 40 per cent Record HMRC tax receipts show that families are losing out due to lack of knowledge 78 per cent believe wealth should stay in the hands of […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]