Government aid for Lloyds TSB and RBS has added as much as £1.5 trillion to the national debt.
Overseas domiciled funds under management fell by 11 per cent last year to 16.1bn from £18bn in 2007, according to statistics from the Investment Management Association.
Amid an almost unprecedented year of financial crisis, 2008 was all about gilts.
Legal & General has set up a direct annuity service, primarily for people nearing retirement with small pension pots and those who feel confident to shop around themselves.
By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £153m between July and September this year — their highest level […]