Prestbury is looking for acquisitions and is in talks with a number of mortgage networks with deals set to be announced by October. It says it completed a record 130m worth of new mortgage business in July.
Buy-to-let property company Ely Group is listing on Aim this week. The Dublin company is coming to the market valued at 11m with plans for further UK expansion. The firm is best known for offering the opportunity to invest in the housing market on a10-year leaseback scheme.
The worldwide growth of hedge funds over the past 10 years has been amazing. There are now more than 8,000 hedge funds with over $1tn of assets under man- agement. Recent publicity about the earnings of some of the top managers in the field has raised the profile of this supposedly new phenomenon even further.
This week, I will conclude my series of articles on recent and imminent developments in the pension world. In my last article, I looked at issues relating to the pro- jection of benefits from final-salary schemes and state pensions. Here, I will move on to the projection of money-purchase benefits, paying particular attention to the impact of statutory money-purchase illustrations.
In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]
Over 1,250 financial advisers turned up to the FCA’s series of regional events, Live and Local, last year, the regulator has revealed. In its annual report this morning, the regulator says that it is continuing to engage with advisers through events including Live and Local, which include supervisory workshops, firm surgeries, roundtables and chairman’s lunches […]
FCA chief executive Andrew Bailey received a £75,000 bonus for 2017/18,the regulator’s account. Part of the bonus has been deferred and will be paid in 2019. The portion of the bonus already received has been donated to the FCA’s staff charities, Richard House and the Alzheimer’s Society. The bonus is a £10,000 increase on Bailey’s […]