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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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]