Fundsmith, the house run by star manager Terry Smith, is looking to raise £250 million to float a new investment trust on the London Stock Exchange. The Smithson Investment Trust will be managed by Fundsmith, with the investment management team led by Simon Barnard as investment manager and Will Morgan as assistant investment manager. Terry […]
Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]
Investors who lost money after the collapse and suspension of the Connaught Income Fund in 2012 have been told redress payments will start by 27 October. Investors tell Money Marketing that joint communication from administrators Duff & Phelps and the FCA outlines figures owed for individual cases and gives until 25 September for responses to queries. […]
Cyber crime is rarely out of the news these days and the reasons are obvious when the sums of money are so large and the risks to consumers so great. The personal data advice firms hold in respect of clients – passports, utility bills, payslips, bank statements, etc – are all valuable items for criminals […]
The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]