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 […]
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 […]
Around 1,400 clients of collapsed discretionary fund manager Beaufort Securities are still waiting for their claims to be processed, Money Marketing understands. The Financial Services Compensation Scheme confirmed it is still working on redress calculations for the cases. Beaufort Securities became the target of both FBI investigations in the USA and FCA sanctions in the UK […]
A weekly account of the curious goings-on in the world of financial services Financial wing attackWSJ mused over the varying hobbies of financial services professionals a few weeks back and has something new to add to the tally: netball. We have long known Technology & Technical director and adviser Kim North is a fan of […]
Debbie Gupta took over as co-director for financial advice and life insurance at the FCA last year. She will be taking a deep dive into where the regulator really stands when it comes to advisers with a presentation at our Money Marketing Interactive conference in April. Before taking to the stage, she discusses why she […]