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OBSR suspends A rating on Gartmore UK focus fund

OBSR has suspended the A rating on the Gartmore UK focus fund following the appointment of Leigh Himsworth.

Gartmore is to rebrand the fund to UK alpha following Himsworth’s arrival and increase the number of underlying stocks from 25-40 to 40-65 as well as making small changes to risk controls.

Himsworth replaced Sacha Sadan on the fund having joined the firm from Royal London Asset Management.


FSA tells PPI firms to check again

The FSA is has told firms that sold payment protection insurance to review 185,000 previously rejected complaints and compensate any consumers who have been missold.


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