Savills Private Finance is acquiring specialist broker Sherwins Mortgage Services for an undisclosed sum. Sherwins specialises in mortgages for the affordable homes market. Sherwins, which usually focuses on the south east of the UK will now be expanding nationally.
Mortgage Trust has appointed John Clements as business development manager with immediate effect. Clements will be reporting to head of sales and marketing Austin Jelfs and will focus on enhancing intermediary relationships in the south west. He joins from Marlborough Stirling. He says: “I am delighted to join Austin and his team at such an […]
The management of Saga has agreed a management buy-out of the company for £1.35m. Under the buy-out - brokered by Charterhouse – staff will get the opportunity to become shareholders and the executive management team will remain unchanged.
MARLBOROUGH FUND MANAGERS Marlborough UK Micro Cap Fund Type: Unit trust Aim: Income and growth by investing in UK smaller companies with a market capitalisation of less than £50m Minimum investment: Lump sum £1,000 Investment split: 100% in UK smaller companies with a market capitalisation of less than £50m Isa link: Yes Pep transfers: YesCharges: […]
Depolarisation is likely to take place in December, a month earlier than the market has been expecting. FSA sector manager (retail intermediaries) Paul Rich says the final rules should be out by the start of December, with depolarisation being implemented later in the month. There will be a six-month transitional period when the market can […]
By Rob Burnett, head of European Equities at Neptune The ECB delivered a strong package in its latest policy announcement that managed to find the right balance between supporting the economy and not endangering the banking system. The EU banking system is very sensitive to negative rates and, if the ECB were to have cut […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]