Hargreaves Lansdown resident Hard Man Tom McPhail has been pipped to the post by Ben Yearsley. Both were competing in the Bristol half-marathon last weekend but despite rumours being spread by McPhail questioning Yearsley's fitness, the investment manager Yearsley stormed home in front. The Diary hears that McPhail didn't actually finish the race too much DIY the day before, apparently.
The global trade deficit in goods narrowed in July. It now stands at 4.3 per cent GDP. The improvement was aided by a dramatic drop in the shortfall in non-EU trade which fell to its lowest level since May 2002 and exports to the US climbed by £400m according to Gerrard's latest figures.
It is believed that t he FSA is re-investigating some providers which have missold mortgage endowments because it does not think they are treating consumer complaints properly.The news comes as a warning to providers which may be dragging their feet when it comes to awarding compensation to policyholders.With many of the current mortgage endowment investigations […]
Type: Fixed-rate mortgage Fixed term: Seven years Fixed rate: 4.99% Minimum loan: £25,001 Maximum loan: Up to 95% of valuation subject to a maximum loan of £1mIncome multiples: Up to 3.5 times principal income plus second for borrowers earning less than £20,000 a year, up to four times principal income plus second for borrowers earning […]
House prices remained buoyant in August, increasing by 1.3 per cent following a fall of 1.4 per cent in July according to the Halifax house price index.The annual rate of house inflation stands at 19.1 per cent, pushing the national average price of a home up to £133,908.Mortgage payments for a typical new borrower are […]
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
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 £149m between July and September this year — their highest level […]