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Veteran investor Mark Mobius to raise $1bn for new asset management firm

Veteran emerging market investor Mark Mobius is planning to raise $1bn (£730m) to set up an asset management firm in London. According to The Times, the 81-year old investor’s new firm will target companies in India, China and Latin America with a focus on environmental, social and governance themes. Mobius, a Money Marketing columnist, oversaw Franklin Templeton’s emerging […]

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Advisers targeted by ambulance chasers over DB transfers

Advisers are being targeted by claims management companies offering payment for referring complaints related to defined benefit pension transfers. Capital Asset Management chief executive Alan Smith was sent a letter this month from Birkenhead-based firm Pension Justice, which claims to be a “missold pension compensation specialist”. The letter asks advisers if they have seen clients […]

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Breakdown of claims against British Steel IFA revealed

The Financial Services Compensation Scheme has given a breakdown of the 29 claims it is processing over Active Wealth , data provided to Money Marketing shows. The lifeboat fund declared the firm in default at the end of March. In April Money Marketing revealed FSCS is pursuing nearly 30 claims against the firm. Active Wealth is well-known for […]

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