Fidelity UK special situations manager Sanjeev Shah believes that the market is likely to see a correction in the next few weeks.
As the dust settles on the bombshell Budget pension changes, what should advisers do now? The detail of the changes has thrown up some areas where clients will need urgent advice.
Nominal average earnings fell in the first months of this year for the first time since at least the 1960s.A report released by Capital Economics, a macroeconomic research group, says that the fall is the first since the Office for National Statistics average earnings index began in 1965. The report’s authors say longer-run data suggests […]
India’s newly elected government has inherited a dire fiscal situation with little scope to address the economic downturn and reinvigorate reforms. But pressure is high. With 1.1 billion inhabitants, India ranks second only to China among the world’s most populous countries. Both main blocs, the Congress-led United Progressive Alliance (UPA) and the Bharatiya Janata Party […]
By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]
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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 […]