National IFA 2Plan has started operations. The firm has been set up by former Positive Solutions directors Chris Smallwood and Chris Davies and is backed by Standard Life. It will provide support services to self-employed IFAs.
The Competition Commission has today published an issues statement as part of its investigation into the market for the supply of payment protection insurance. The issues statement identifies the specific areas the CC believes are relevant in deciding whether any feature of the PPI market restricts, distorts or prevents competition. It will be used as […]
The Merrill Lynch Investment Managers’ brand could soon be history, with BlackRock testing the water about a sooner than expected rebrand.BlackRock merged with Merrill Lynch in September 2006, acquiring Merrill’s investment arm in exchange for 49 per cent of the new BlackRock business.BlackRock managing director Richard Royds says as part of the deal, MLIM has […]
Why the Government is encouraging a dependency culture in the UK.
Hedge fund multi-manager Fortune Asset Management expects its closed-ended market wizards fund to list on the London Stock Exchange within four weeks.
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]