UK

Daniel Godfrey cans People’s Trust over lack of demand

Daniel Godfrey’s People’s Trust has announced that it is canning its listing on the London Stock Exchange due to a lack of demand from intermediaries and institutional investors. In a statement, Godfrey said the investment trust had attracted a great deal of interest and support, particularly from retail investors. “There was every indication that had […]

Tilney appoints new chief executive as Peter Hall exits

Tilney has announced the appointment of a new chief executive as it confirms Peter Hall will step down after seven years’ service. Chris Woodhouse, who was most recently chief executive of UK motoring and financial services group RAC, will replace Hall. Hall will become an adviser to Permira. Tilney chairman Will Samuel says Hall led […]

Mark Dampier: Ignore UK equity funds at your peril

Politics has caused many investors to fall out of love with the UK stockmarket but it has plenty more to give I wonder how many of you, like me, hope future referendums will be banned. Scotland’s vote on independence set family against family but that pales in significance to the UK’s decision to remain in […]

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Baillie Gifford cuts management fees on 20 funds

Baillie Gifford has slashed annual management charges by up to 10 basis points across its UK Oeics and Irish Ucits funds. Key changes include the Baillie Gifford European fund, reduced from 0.65 per cent to 0.55 per cent, and the Baillie Gifford Japanese fund down from 0.65 per cent to 0.60 per cent. The asset […]

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FCA ropes in Hollywood star Schwarzenegger for PPI campaign

The  FCA will push its deadline for payment protection insurance claims with a launch of a new advertising campaign today front by The Terminator star Arnold Schwarzenegger. The campaign, paid for by the eighteen firms that got the most complaints between 2009 and 2015, urges customers to check on their PPI complaints before 29 August 2019. […]

Robo firms struggle to enter auto-enrolment market

Online wealth managers have struggled to enter the UK auto-enrolment market because of high costs and legislation and are now looking elsewhere for opportunities. Moneyfarm chief financial officer Paolo Savini Nicci tells Money Marketing the firm has no plans to get involved in auto-enrolment, because of a “crowded” marketplace, relatively low account values and high costs. […]