A package has finally been agreed that should stave off default by Greece – for two years. It constitutes 30bn euro from the IMF and 80bn euro from bilateral loans with European governments. Finance ministers also agreed a 750bn euro package to stave off contagion spreading to other eurozone countries that may struggle to refinance.
Lazard Asset Management is planning to appoint a manager to run an emerging markets smaller companies fund. Under the stewardship of James Donald, the company already manages the £700m Lazard emerging markets fund. It also has an emerging market growth fund at a reasonable price (Garp) strategy that is only available to institutional investors, and […]
The Institute of Financial Planning says it plans to offer a QCF level four qualification for advisers, available later this year. Chief executive Nick Cann says it is impor-tant members can “access all aspects of their career development from their professional body”.
Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]
Fund managers with a solid investment philosophy can identify their edge and the environment in which they will flourish My last column highlighted the weakness in relying on past performance in fund selection (weakness is putting it politely). I then provided an overview of some of the more qualitative factors advisers should consider when analysing […]
Sometimes plans gets derailed and you must prepare your clients for that More people than ever are surviving into their 90s and beyond, many with complex medical issues to deal with. Most advisers around my age will have a number of clients also of a similar age, where their own children are now independent financially […]
Data from the Office for National Statistics show that UK property prices grew 1.2 per cent from June to July, giving a nationwide average house price of £231,422. On an annual basis this figure stands at 3.1 per cent, down from last month’s growth of 3.2 per cent, and is the lowest annual rate since […]