I am a great fan of Fidelity and have supported it for over 20 years. I enjoyed its recent Investment Forum but I have given up pestering it to consider using its wonderful research capability to launch a range of ethical and socially responsible funds.The distasteful part of investment seminars is the enjoyment of making profit by investing in ethically-compromised industries such as tobacco and gambling. The return the fund makes is at the expense of a lung cancer victim or a gambling suicide. Therefore, it is with mixed feelings that I read about how much money Fidelity, New Star and the rest have lost as Sportingbet, PartyGaming and 888 shares halve in value. Investors, several stages removed from the direct holding, will see their value penalised. Hopefully, fund managers will realise that in the long term there are better ways to invest and enjoy a return and extract their funds from these holdings. For a while, until the economic cycle brings tobacco and the like back into favour, we can enjoy the better returns enjoyed by those managers who look further ahead and with a greater sense of responsibility. David Flowers Director, Flowers McEwan, Leeds
Rowanmoor Pensions has launched the Rowanmoor Pensions Family Pension Trust.
Aegon Scottish Equitable says it has uncovered a loophole that enables people with deferred pensions to take two lots of tax-free cash. The loophole applies to policyholders who opted to take tax-free cash and defer taking the pension before July 27, 2004 but did not tell the scheme administrator or the trustee that they intended […]
HSBC is recruiting a treating customers fairly manager on a salary of up to 45,000 plus benefits. The job is based in the firm’s Canary Wharf office in London’s Docklands with the aim of embedding the FSA’s TCF initiative across the bank’s business. The manager will be involved in strategy, sales, advice, product design and […]
Amanda Newman says the new deal for pension term assurance has seen the product make a major impact in the protection market but some brokers have misgivings
After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.
In the video, Martin addresses the following:
• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders
- Top trends
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