Very briefly, I can answer in one sentence, with-out covering all the usual well worn points: “Carry on old chap. In the last six weeks, two accountants have sent me three (now ex) clients of St James’s Place”.I do not have to jump up and down about independence while the Institute of Chartered Accountants and the Law Society so plainly understand what being independent is all about. The guys at St. James (and others similar) can plough their furrow. I am happy just to reap the fruit. Harry KatzNorwest Consultants, Stanmore, Middlesex
Scottish Widows Bank will not be drawn into a rate war with rival HSBC which is offering an 8 per cent deal and online banks, says managing director Graeme Hartop.
F&C Asset management has joined up with Investment Manager Selection for the selection of external managers for its manager of mangers equity mandates. The company hopes to expand its open architecture product capabilities as a result of the merger, through its fund of funds business. F&C European head of retail Laurence Lewellyn says: “F&C has […]
F&C is setting up a 965m closed-end property trust which it says will be the biggest listed property trust launched in the UK.
You might have read in the financial press in the last couple of months the spat going on between Aberdeen and Close Venture Managers over the management of the Murray Johnstone family of VCTs.
Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]