Tenet Group saw its profits fall by 64 per cent to £1m in the 12 months to September 2009 from £2.8m in 2008.
Transact chief executive Ian Taylor claims that platforms are misleading IFAs in a bid to win market share before the retail distribution review changes are implemented. In a Transact adviser update, Taylor says platform providers are manipulating IFAs and “making hay while the pre-RDR sun shines”. He says tactics include misleading the market by spreading […]
The Liberal Democrats have called for Tory party treasurer Michael Spencer to be sacked after he came under fire for selling shares in his company ahead of a profit warning.
The FSA has banned Bridgewater House UK director Matthew Sixsmith from holding senior positions in the financial services industry after failing to separate clients’ premiums from the firm’s capital, which cost clients almost £85,000.
Hargreaves Lansdown has revealed a 9 per cent increase in pre-tax profits for the second half of 2009.
By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]