AIG Life says it may not be able to make early distributions to investors who chose to move their assets from its enhanced fund into its protected recovery fund.
Included in Gordon Brown’s article for last week’s Observer was the following comment: “We have got to get the balance right between serving homeowners better and encouraging responsibility in the housing market. We have also asked the Financial Services Authority to look at how in the future we should control new mortgages for more than 100 per cent of house value.”
RBS is the first bank to sign up to the Government’s new asset protection scheme, with a deal to hand over £325bn worth of risky assets to be “ring-fenced”.
The FSA has floated the idea of introducing a form of product regulation into the market as a way of banning products that are deemed too risky.
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]
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Vanguard and T Rowe Price have slashed valuations for their holdings in Uber by 15 per cent and 12 per cent respectively as the company faces corporate governance turmoil and searches for a new chief executive. However, rival Blackrock has increased its valuation in the unquoted ride-share company by 10 per cent, the Financial Times reports. Fidelity […]
One of the three cases lost by HMRC concerned Investec
Financial advisers are working to make sure clients are told about new tax evasion rules as part of a fresh crackdown by HM Revenue & Customs. IFAs must send letters to clients by the end of next week telling them that undeclared offshore accounts could land them in trouble with the taxman. HMRC’s message, which […]