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 […]
Out of context “If you hear any music, don’t worry, it’s not my iPod.” Pimfa’s Liz Field apologises to MM after train delays force her to dash into a coffee shop for an interview “Paid in wine please.” Yardstick Agency Founder Phil Bray jokes about his payment preference after giving financial planning personality Phil Billingham a […]
Inflation stayed put at 2.4 per cent in June, bucking against an expectation it would rise to 2.6 per cent. Data from the Office for National Statistics released today show inflation will remain at its lowest level for 12 months. Smith & Williamson Global Inflation-Linked Bond Fund manager Thomas Wells says the Bank of England will now […]