The average investment trust discount has narrowed to 7.4 per cent – the lowest level in more than a decade – after two years of strong market growth, says the AITC.
Headline Money’s new Who’s Who in Personal Finance Journalism gives a good insight into the corporate cravings of various reporters. Questioned about their favourite forms of corporate entertainment, the hacks provide answers from fly fishing, interesting conversation and space flight to the memorable “trip out of the office”. It is also full of desperate pleas […]
The United Group is encouraging mortgage brokers to start making plans for the launch of home information packs and not feel threatened by them.Concern has been expressed that brokers could be sidelined by HIP providers, who could offer clients a mortgage proposition at the time of arranging a HIP. The Association of Mortgage Intermediaries has, […]
The FSA’s approval process discriminates against the inclusion of non-Ucits retail schemes in life and pension wrappers, says fund manager Insight. Unlike Ucits funds, there is no automatic approval for Nurs funds as permissible properties for linked life contracts. Providers must apply to the FSA for a waiver to include the funds. Nurs funds are […]
One of the fund management groups I really admire is Jupiter. It has been successful in nearly every area, except Japan.
Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]