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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Jupiter Asset Management is concerned markets could see further volatility in the latter part of 2018, while the strength of the dollar could also threaten global growth. Speaking at Jupiter Asset Management’s annual investment dinner last night, fund manager Ariel Bezalal said: “Our concern is that what we had in February with the shocking rise in […]
The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]
In August 2015, I made the mistake of checking my work emails late one Sunday evening. Instead of turning in for the night, I poured myself a fresh cup of coffee and turned my laptop on. The reason was an embargoed press release from the FCA announcing it was about to undertake a wholesale assessment […]