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.
Towry Law and the Investors' Compensation Scheme have agreed a deal to split the proceeds of any litigation taken over Advizas' 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 […]
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 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 […]
ABI director general Mary Francis has attacked the FSA, likening it to a provisional wing of the Consumers' Association, saying it does little to recognise the efforts made by the industry to improve consumer confidence.Francis' onslaught follows her outspoken attack on the Treasury last year saying it should remember the Millen-nium Dome and leave the […]
Rob Burnett, Head of European Equities Although slightly down on their previous election result, Syriza managed to win just over 35 per cent of the vote in Sunday’s election, seeing off the challenge of New Democracy. While this is still short of a majority, Syriza will once again go into coalition with the nationalist Independent […]
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The New Model Business Academy received just over half the Government funding for its apprenticeship programme it was hoping for, which has led to paraplanner and administrator apprenticeships being shelved. NMBA, which is part of the SimplyBiz Group, announced earlier today it is opening applications for its apprenticeship programme this week. In December, it received […]
Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Last year, Money Marketing took a deep dive into how advisers are remunerated with an extensive reader survey. This year, we’re going even bigger and better, teaming up with recruitment consultancy BWD to bring you the definitive picture on pay. With your help, we hope to decode how qualifications, employment status, geography, gender, job title and other […]