Investors in split caps will hear this week how and when Fund Distribution, the company set up by the Financial Services Authority after the crisis, is to make its payments to those eligible for compensation. Eighteen fund management companies paid into the company in December after reaching agreement with the FSA, with Exeter Asset Management and Teather and Greenwood signing up this month.
Prudential is looking at developing its own wrap but says it will monitor the market before making any decisions. If it goes ahead, it says it will adopt a model that involves third parties sharing costs.
UK plc has record levels of cash on its balance sheets, providing a strong base for economic growth, according to Legal & General.
With combined sales of UBS’s absolute return bond fund, and DWS’s Ratebuster product topping £90m in their offer periods, the industry has been reflecting on whether these apparently safe products can deliver on their promises. Hargreaves Lansdown investment manager Ben Yearsley says the most important thing with new products is that they have good investment […]
A few years from here, the UK financial advisory landscape is going to look a lot different. Depolarisation, with its payment menu, the arrival of wrap providers, the enhancement to supermarket platforms and the reaction of life companies with their own administration platforms and open architecture around their products will all combine to shape this […]
Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]
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HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]
SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]
Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]