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Standard & Poor&#39s Micropal Top 10s

Lazard European smaller companies is a new entry to the top 10 unit trusts, returning 20.41 per cent over the past year. The fund is head and shoulders above its sector peers over the year, with a return more than 40 per cent greater than the second-placed fund run by Colonial First State Investments. European smaller companies has been one of the worst-performing sectors over the year, with an average return of -30.4 per cent. The average annual unit trust return across all sectors fell further this week to -13.25 per cent.

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IFAs protest while ICS and Towry make deal on law split

Towry Law and the Investors&#39 Compensation Scheme have agreed a deal to split the proceeds of any litigation taken over Advizas&#39 pension misselling liability.Towry and its new owner AMP say they are talking to lawyers about the possibility of legal action against undisclosed parties over the purchase of Advizas from Hogg Robinson in January 2000.Towry […]

Three firms suspended over PI cover

The PIA has suspended three IFA firms for failing to renew their PI insurance cover. Blenheim Financial Services of Church Farm, Coates, Cirencester, Gloucestershire; Fernside Financial Services of Feltham Road, Ashford, Middlesex and R&W Financial Services of Main Street, Shildon, County Durham have had investment business suspended pending their renewal of PI cover.

Skandia, Hargreaves Lansdown take stake in EMX

Skandia and Hargreaves Lansdown have joined the likes of Fidelity and M&G in taking a stake in the fund trading and messaging platform EMX.The eight shareholders – which also include Threadneedle, Invesco Perpetual, Standard Life and Lloyds TSB – have also all committed to an extra£8.5m of funding for the platform, taking the total amount […]

The FSA is the CA&#39s army, storms Francis

ABI director general Mary Francis has attacked the FSA, likening it to a provisional wing of the Consumers&#39 Association, saying it does little to recognise the efforts made by the industry to improve consumer confidence.Francis&#39 onslaught follows her outspoken attack on the Treasury last year saying it should remember the Millen-nium Dome and leave the […]

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