The Financial Services Compensation Scheme has officially declared RJ Temple in default opening the way for individuals who have lost money to claim compensation from the FSCS. The Scheme says most claims against the firm will be resolved within six months.
England's epic achievements in Sydney triggered a morass of media features all striving to expose newsworthy sub-plots. My own keepsake was the revelation that England coach Clive Woodward had twice remortgaged his home along the path to personal financial security. Woodward is a man of convictions. So much so that his services are now courted […]
The number of underperforming mortgage endowment policies has fallen to 1.5m because of improvements in the stockmarket, according to ABI research. The Consumers' Association website says more than 4.4m endowment mortgages may suffer a shortfall but the ABI says campaign groups have inflated numbers of people affected.
Type: Fixed-rate mortgage Fixed term: Until March 1, 2029 Fixed rate: 5.99% Minimum loan: £25,000 Maximum loan: Up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to 80% of valuation subject to a maximum of £500,000 Income multiples: Up to 90% […]
Graham Bates is a firm believer in the IFA as entrepreneur. The extrovert founder of Leeds IFA Bates Investment Services has been setting up and running businesses since he was at school. He recalls sitting in the back of maths class working out calculations for his own enterprises – at the time a disco and […]
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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Aberdeen Standard Investments has established a joint venture with Italian investment manager 21Partners to launch a direct €1bn private equity fund. The joint venture, called 21 Aberdeen Standard Investments Limited and made up of six people, will manage a fund targeting “active non-controlling interests” and support growing companies in Europe. The fund, which will launch […]
Harwood Wealth Management Group has bought Southampton IFA AE Financial Services for £4.6m. An initial payment of £2.4m plus £1.54m of net cash balances was paid on completion of the deal and a deferred payment of £2.2m will be paid in two lots over the next 24 months, dependent on AE’s performance. The acquisition has […]
The Government is set to announce a new criminal offence of neglecting pension responsibilities this week, in the wake of the BHS and Carillion collapses. The Observer reports that ministers are set to confirm they will target employers under the new rules, which will protect pension pots when companies go under. Under the new measures […]