What did the rest of the year have in prospect, mused the chairman of the curiously named Betelgeuse Investment Funds? Private investors had remained cautious after the bumpy end to 2007 and were still dumping equity funds. Property remained in the doldrums and even that recent saviour of fund sales teams – commodity-based products – had had wobbles recently.
JO Hambro Capital Management fund manager Nick Roe-Ely is set to leave the company following its decision to close his £13m American growth fund.Roe-Ely, a mid-cap specialist, joined JO Hambro from Tilney in June 2005 with the fund launching in December.A lack of investment in the US has led to the company deciding to shut […]
The Government should not offer mortgage tax relief for first-time buyers as it would distort the market, according to the Great Housing Market Debate panel.Speaking last week in London in the debate sponsored by Hometrack, Nationwide chief economist Fionnuala Earley said: “I think it it very difficult to say you should favour one group of […]
With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.
Two separate complaints about the clarity of the FCA’s guidance and expectations on Gabriel reporting requirements have been quashed by the Complaints Commissioner. However, the FCA has been asked to waive a late return charge and been asked to make sure debt collection and fees processes on Gabriel reporting are clear. In his report today, […]
Their power over fund selection is only set to increase as more firms adopt centralised investment propositions Fund research and rating agencies have enjoyed a buoyant market in advice firms thanks to the post-RDR rise of centralised investment propositions. While a minority of advisers have chosen to outsource portfolio management, the majority are selecting funds […]
Clients that suffer ill health at a young age can access their pension if certain requirements are met With the recent news that we are not living longer after all, there are questions to be asked as to why this is. Life expectancy increases the older you get, as the fact you made it that […]