Poor sales of property and natural resources have brought an end to the specialist sector’s 19-month reign as the best seller, according to the IMA’s August figures. Specialist came third behind UK all companies and cautious managed.
Merril Lynch subsidiary Mortgages plc has announced it will be pulling all of its adverse buy-to-let products from October 2.The lender, which has made numerous criteria changes over the last two months, recently announced it was suspending all heavy and unlimited adverse business.Mortgages plc has also reduced maximum LTVs on self cert products from 85 […]
Jupiter income has recently celebrated its 20th birthday. It has had just four managers over this time, if you count the caretaker manager between January and April 2000. The fund really hit the headlines after William Littlewood took it over in December 1990. Its performance was way above any other equity income fund and considerably […]
Amid recent turmoil in world stockmarkets, advisers are quite rightly recommending investors to diversify into assets other than equities. The property market is looking less profitable than it was and bonds are still unattractive so where do investors go?
This year’s Money Marketing Live Show in Manchester on October 30 is heading for an all-time record.With around six weeks to go, over 1,000 delegates have already pre-registered for the show and the number keeps rising every day.Now in its fifth year, the event is returning to Manchester Central Convention Centre and GMEX to deliver […]
Join Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), for a webinar on 30 March at 2pm. During the update, Trevor will consider how various asset types have fared in 2017 and offer his outlook, using the Investment Clock model to illustrate his views. Find out more here
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The merger between adviser trade body Apfa and the Wealth Management Association cost the WMA more than £61,000, accounts show. The two trade bodies merged earlier this year to create the Personal Investment Management and Financial Advice Association, a move that was supported unanimously in a vote from Apfa members. Accounts released today show that […]
Six in ten advisers want to see the lifetime allowance scrapped at the Budget this week, a new survey has shown. The poll points to an increasing dissatisfaction amongst IFAs that the £1m limit discourages saving. While the allowance will rise in line with CPI inflation from April 2018, some argue this does not go […]
Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]