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New Star appoints three fund managers

New Star has appointed three fund managers in a bid to boost performance across some of the funds in its range. Ex-Barings UK income specialist Charles Deptford and Allianz RCM fund manager Trevor Green will both join the UK desk. BDT fund manager David Cornell joins the emerging markets desk.

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Credit crunch dire for transactional advisers says Bradbury Hamilton

Bradbury Hamilton believes the credit crunch could be “the final nail in the coffin” for transactional advisers.Managing director Sheriar Bradbury says treating customers fairly requirements and the retail distribution review are making advisers lives difficult. But he believes the slowdown in the housing market and the increased likelihood of a recession will have a big […]

A&L reduces standard variable rate following base rate cut

Alliance & Leicester is responding to the Bank of England’s base rate cut this week by reducing the standard variable rate on its mortgages by 0.25 per cent.   The bank will be changing its SVR for existing mortgage customers from May 2 to 7.19 per cent, down 0.25 per cent from 7.44 per cent.For […]

Yield of dreams

Generally speaking, UK high-yielding shares have had a torrid time during the past year or so. Funds that specialise in this area have had one of their worst years since the end of the last century.Part of the reason is that the credit crunch has led to severe underperformance of banking shares, which make up […]

Bank of Ireland to withdraw range today

Bank of Ireland has announced it will be withdrawing its existing range of products at 5pm today.It says that this in order to preserve service levels.In an email to brokers it says that fully completed applications will be accepted until 5pm. It warns that online AIPs do not reserve funds, only full online applications.It says […]

Great expectations for Japan

By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]

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