The Monetary Policy Committee has been forced to take risks on inflation because of the Government’s fiscal policy, Lord Myners has claimed. Speaking in the House of Lords on Monday, ex-City minister and Labour peer Lord Myners said the recent GDP figures which showed the economy contracted by 0.5 per cent was a sign the […]
Investors are right to be concerned about China’s medium-term future, according to Anthony Bolton, the manager of the Fidelity China Special Situations trust. Bolton says he does not want to belittle investors’ concerns about the country’s one-child policy and the low number of young people growing up to support the economy. According to Bolton, the […]
Asset management firms are reporting pressure to increase their bonus and salary figures to avoid mass talent migration, according to research by PricewaterhouseCoopers. As a percentage of net revenues, compensation costs have increased by 4 per cent over the last financial year. Despite 63 per cent of those polled experiencing a fall in profits over […]
As the anger continues over another huge Financial Services Compensation Scheme interim levy the regulatory authorities fail to prioritise the need for reform. For the second year many small IFA firms are facing huge levy payments, in some cases wiping out significant amounts of profit. Firms already dealing with the demands of increasing qualification levels, […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Advice network Intrinsic is funding a 58-week training programme through the Quilter Financial Adviser School to get more get more advisers to join its ranks. The course includes specific Intrinsic training throughout the core QFAS programme and means advisers will be trained on Intrinsic systems and processes. It is open to any student who will […]
Influential think tank the Institute for Fiscal Studies has added to pressure on the government from the pensions industry not to restrict tax breaks ahead of the Budget later this month. The IFS says it would be a “step in the wrong direction” to resitrct pension tax breaks on high earners, even though it could […]
Advice firm consolidator AFH is looking to raise £15m to fund more acquisitions by offering new shares in the company. It will sell new ordinary shares in the company at 370p a share in a quickfire offering, with the proceeds used to “execute the company’s acquisition pipeline”, AFH said in a stock market announcement today. […]