Recent improvements in forward swap rates have led to increases for many fixed rate savings bonds according to Bristol & West's latest figures.
Trade bodies fear that new reporting procedures proposed by the FSA will add costs and mean an upheaval in business practices.CP198, published last week, outlines regulatory reporting proposals for financial services firms. In it, the FSA proposes a “streamlined approach to reporting requirements” which would mean that all intermediaries must file reports to the FSA […]
Buy to let rental incomes rose 3.30 per cent (£9,354) in August compared to £9,055 in July according to Paragon Mortgages monthly buy to let index. The index also reveals that after two months of modest falls yields have now stabilised at 7.57 per cent as a result of this rise in rental income, despite […]
Edinburgh Partners has dashed IFA hopes that it intends to launch retail funds after confirming that its initial three portfolios will only be available to institutions.The company, set up by former Scottish Widows Investment Partnership chief investment officer Sandy Nairn and head of UK equities Graham Campbell, will offer only investment trusts to retail investors. […]
DWS Investments has designed an Oeic fund of funds that invests only in DWS funds. The DWS managed distribution fund will initially invest 50 per cent in equities and 50 per cent in bonds. However, it has the flexibility to invest between 40 per cent and 60 per cent in each asset class as market […]
The rollout of Fit for Work (FFW) has now started in England and Wales.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]