Farepak customers who paid the firm using a Visa debit card can get a full refund of lost savings by asking their bank to start a Visa chargeback against Farepak’s bank as a refund for services not received, thanks to a loophole exposed by Money-SavingExpert.com.
Many mortgage advisers fear that sales practices for payment protection insurance will not improve until stricter regulation is forced on lenders. Some suggest that the big profits generated for lenders by PPI sales are standing in the way of reform.
GMAC is liaising with the Council of Mortgage Lenders to revise the trade body’s methods used to calculate its lender league table. The problem GMAC has highlighted is that majority of lenders in the 30 listed have figures calculated on a calendar year basis but there are seven lenders with different financial year-ends, so they […]
Neptune Asset Management
Global Income Fund
David Kiddie has unexpectedly left Barings, where he was head of global equities, to take over as chief investment officer at ABN Amro Asset Management. Barings fund manager Tim Scholefield will step up to replace Kiddie just six weeks after joining the fund company. Scholefield will continue to run the £28m global growth fund. Kiddie […]
The final stages of a sell-off can be the most interesting, says Simon Edelsten, manager of the Global Select Fund. It is not a matter of calling the ‘bottom’. Instead, investors should focus on selected stocks’ prospects over the longer term.
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Scammers are pretending to have offices in London’s famous Gherkin building as part of their attempts to impersonate a genuine asset manager. The ‘clone’ scam the FCA has highlighted in a website post today involves fraudsters borrowing the name of Wharton Asset Management, which is actually based on Harley Street in London, but forges an […]