Hornbuckle Mitchell says rocketing tax relief being reclaimed by specialist Sipp providers since A-Day should prompt the Government to review the borrowing limits on clients using Sipps for buying commercial property.
Mortgage approvals have fallen from £4,248m in April 2006 to £3,910m in April 2007.Building society gross advances amounted to £3,772m in April 2007, compared to £3,512m in April 2006. However, net advances were £1,031m in April 2007 versus £1,106 in April 2006.BSA director general Adrian Coles says: “Gross advances were the highest April figure for […]
Money Marketing editor John Lappin replies to criticism from the ABI.
Steeped in incongruity, 130/30 funds have been labelled everything from “the optimal investment solution” to the “worst of both worlds” as they hang on to the coattails of hedge funds to become a mainstream product in the investment arena.
A number of leading multi-managers are becoming increasingly bearish about fixed interest and are favouring cash holdings in their cautious managed portfolios.Cautious managed funds can hold up to 60 per cent in equities with the balance held in cash and bonds.Gartmore has reduced its fixed-interest weighting to 21 per cent with deputy head of multi-manager […]
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]