Parkwood Property Investments has halted its attempts to oust the board of UK property company Gresham House. Shareholders at Monday’s extraordinary meeting defeated resolutions to remove four of its directors with three Parkwood nominees.
The Treasury is advertising for a successor to FSA chairman Sir Callum McCarthy who is due to retire in September.Many in the industry believe the FSA will employ an external candidate following the internal appointment of Hector Sants as chief executive.The advertisement in the Financial Times says applicants should be able to demonstrate a proven […]
Beacon Asset Management director Simon Goldthorpe has called on the government to urgently clarify proposed reforms to capital gains tax. Treasury ministers are holding talks with heads of business ahead of an announcement expected on Thursday or early next week. Proposals announced in the pre-budget report last October to impose a flat 18 per cent […]
Falcon chief executive Allan Rosengren has highlighted growing concerns over some of the exit strategies being offered to advisers who sell their businesses or retire.
Prime Minister Gordon Brown is scrapping some of his pension entitlements in a bid to set an example to MPs on salary and pensions.Rather than receive a pension worth half his salary when he leaves office, Brown will now wait until he is 65, a move that could see him give up around £500,000 in […]
Holly Cassell, Assistant Manager of the Neptune UK Opportunities Fund The decision of the Federal Reserve not to raise US interest rates at its September meeting was met with surprise by many, and has been blamed by some as the chief catalyst for the global market volatility that followed. How does this affect the timing […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]