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Polson leaves Standard Life

Standard Life head of trading Mark Polson has left the company. Polson joined Standard in 2007 to develop the platform business. His departure comes less than a week after Standard announced it was cutting up to 500 jobs in the next 15 months.

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Chote calls for clarity on OBR remit

Robert Chote, the new chair of the Office for Budget Responsibility, says he wants clarity on whether the body should respond to requests from opposition parties as part of its independent set-up. Chote (pictured), who appeared before the Treasury Select Committee today ahead of his appointment as OBR chair, said it was not clear whether […]

Slowdown showdown as cuts and tax rises loom

The Bank of England held the bank rate at 0.5 per cent for the 18th month in a row last week and held its quantitative easing programme at £200bn. RBS head of group economics Stephen Boyle says it is right to keep monetary policy loose even if the recovery is slowing. He says: “The British […]

Wills & Co FSCS bill hits £650k after 80 cases with 1,300 to come

The Financial Ombudsman Service upheld 99 per cent of complaints against failed stockbroker Wills & Co in the first half of this year and claims to the FSCS have reached £650,000 after just 80 cases. Complaint data published by the FOS this week shows more investment complaints were made about Wills & Co between January […]

Is it time for the landlords to make their move?

Data issued by the Council of Mortgage Lenders has pointed to a slight thawing in the availability of funding for buy-to-let investors. Mortgages granted in the second quarter were up 13 per cent on the first quarter and 15 per cent higher than in the corresponding quarter of 2009. The report also highlights that buy-to-let […]

Three catalysts for European equities

By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]

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