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.
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]