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.
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 […]
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 […]
Hargreaves Lansdown’s third quarter revenue rose following growth across its private investor platform and advisory and discretionary divisions.
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 […]
Jelf, an independent full-service UK-based brokerage that supports businesses and individuals, has announced its interim results.
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Latest from Money Marketing
A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source