Mortgage brokers are concerned that, despite the number of mortgage deals at 90 per cent loan to value and above increasing by 19 per cent in the past six months, they now have access to fewer than half the products on the market. According to research by TrigoldCrystal for Money Marketing, brokers have access to […]
Multi-managers are continuing to steer clear of the Gartmore European absolute return fund despite the reinstatement of Guillaume Rambourg.Rambourg returned to Gartmore on April 28 as an analyst, not a manager, after being suspended on March 30 for “potential breaches of internal rules”. Insight Investment sold its entire stake of around £8.2m following the suspension. […]
Hawksmoor’s multi-manager team believes its focus on good quality funds and fund managers will see it through the harsher low-growth and low-returns market environment it expects. Hawksmoor says that in the new, harsher market environment, stockpicking, balance sheets, cashflow and dividends are important. It says it has been difficult to form a view of markets […]
Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).
The Competition and Markets Authority has criticised insurers over “stealth price rises” and costly exit fees for loyal customers. The watchdog looked into areas including cash savings, mortgages and home insurance after charity Citizens Advice raised a so-called “super complaint” over how longstanding customers are treated by financial services organisations. The CMA has recognised that […]
Banking lobbyists have warned that UK banks currently face higher tax rates than international counterparts, and that these could hasten banks’ departures if they remain after Brexit. Reuters reports that research commissioned by UK Finance and carried out by consultancy PwC shows London banks face an effective tax rate on profits of 50.6 percent, above […]
Barclays has been fined $15m (£11.9m) by US regulators after attempts were made to unmask a whistleblower by chief executive Jes Staley. In 2016, a Barclays employee sent two letters regarding concerns over the chief executive’s decision to hire a former colleague to work at the bank. The whistleblower posed questions both over the experience […]