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 […]
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 […]
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 […]
The weaker markets at the start of the year caused nearly a 1 per cent drop in funds under management for Brooks MacDonald, according to a trading update. A quarterly update, published today, shows the AIM-listed firm saw discretionary funds under management drop to £11.6bn as of 31 March, a slight decrease of 0.7 per cent […]
So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
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