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Skipton takes 75% stake in Scottish IFA

Skipton Building Society has bought a 75 per cent stake in Scottish IFA firm Thomson Shepherd which completes its current phase of expansion, having recently bought 85 per cent of Torquil Clark.

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Cable says fall in house prices just the beginning

Liberal Democrat Shadow Chancellor Vince Cable believes the 2.5 per cent fall in house prices recorded by Halifax is only the start of a market downturn.He says: “These figures confirm the market was overvalued and due a painful correction. But we are only at the early stages of a market fall. The wheels are clearly […]

Credit crunch dire for transactional advisers says Bradbury Hamilton

Bradbury Hamilton believes the credit crunch could be “the final nail in the coffin” for transactional advisers.Managing director Sheriar Bradbury says treating customers fairly requirements and the retail distribution review are making advisers lives difficult. But he believes the slowdown in the housing market and the increased likelihood of a recession will have a big […]

New Star hires fund manager trio

New Star has appointed three new fund managers in a bid to boost performance across some of the funds in its range.Ex-Barings UK income specialist Charles Deptford and Allianz RCM fund manager Trevor Green will both join the UK desk to help Toby Thompson and Steven Whittaker on their respective UK vehicles.Meanwhile, BDT fund manager […]

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