The inquest into the death of former Rowanmoor Pensions managing director David Seaton has found that he committed suicide after police discovered he stole £1.1m from a client’s account.
The Bank of England governor Mervyn King has warned that the UK is set for a ‘sober’ decade as it looks to recover from the financial crisis. Speaking to the Black Country Chamber of Commerce on the eve of the Spending Review, King said that the next decade would be defined by “savings, orderly budgets […]
As advisory businesses get prepared for the impact of the retail distribution review, we are receiving more flesh on the bones about the way that financial advice is to be charged for from the beginning of 2013. The FSA’s quarterly consultation paper 10/12 outlines a few RDR-relevant issues which sadly I think in some areas […]
US private equity firm JC Flowers is lining up bids for at least four building societies to create a “supermutual” which would be partially floated in five years, according to The Observer. The report names West Bromich, Norwich & Peterborough, Skipton and Principality as societies the firm is looking to acquire through its stake in […]
Brooks Macdonald Asset Management has appointed former Park Row sales and marketing director Carey Shakespeare as head of marketing. He has acted as a consultant since leaving Park Row in 2009.
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]