Consolidator Fairstone has bought Harefield-based IFA Robert Goodman Associates adding £70m of assets under advice to the business. The firm has 1,000 clients and revenue of £800,000. It was part of Fairstone’s downstream buy-out model and the completion of the deal marks the end of an acquisition process that started in 2016. RGA company principal Robert […]
Investment trust Fidelity Special Values is to drop its fixed annual administration fee by £500,000 and reduce its annual charge. From 1 September, the annual charge will reduce from 0.875 per cent to 0.85 per cent on the first £700m of net assets under management and 0.75 per cent for the remainder. The fixed annual […]
Pension providers are scrambling to save the pensions dashboard, after reports emerged the government is considering shelving the project. According to The Times, secretary of state for work and pensions Esther McVey has moved to scrap the dashboard. The report says McVey does not think the service should be provided by the state and that […]
Research shows advisers are upbeat but worries about PI coverage linger. Michael Klimes reports.
Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]
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