Rathbones Unit Trust Management has launched two multi-asset funds which aim to produce targeted absolute returns. Both funds will be managed by David Coombs.
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 drawbacks of property became all too apparent as funds suspended redemptions to cope with a market in which selling was all but impossible.
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 […]
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]