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Vose takes over Investec global dynamic fund

Vose joined Investec in April last year. He was previously head of global developed markets at Scottish Widows Investment Partnership, where he was responsible for the group’s global, Japanese and US equity funds.

The £302.6m Investec global dynamic fund invests aims to provide long-term capital growth primarily through investment in global equities.


Schroders: Fatca and RDR will create perfect storm for advisers

Fatca requires foreign financial institutions to provide the IRS with details on US taxpayers they deal with who have investments of $50,000 or higher. A penalty of 30 per cent withholding tax will be levied on the gross proceeds of any US assets for non-compliance. Schroders managing director of UK intermediary Robin Stoakley says a […]


IFAs should be seen as the “gold standard” for advice

Many of my financial services clients and friends are saying they are busier than they have been over the last few years, which is great news all round. One busy man appears to be the current FSA chief executive Hector Sants. He has been on platform after platform recently talking about the retail distribution review […]

Standard raises fund fees

Standard Life is raising the fees on seven of its funds including Harry Nimmo’s £1.3bn UK smaller companies fund and Mikhail Zverev’s £30m global equity unconstrained fund. The annual charge on both funds goes up from 1.5 to 1.6 per cent. The AMC on the £704m global index-linked bond, £608m higher income, £530m corporate bond, […]


Eight EU banks fail stress test

No UK banks have failed the stress tests undertaken by the European Banking Authority. Eight of the 90 European banks that underwent stress tests have failed the healthchecks. Five from Spain, two from Austria and one from Greece have failed. The EBA says eight banks fell below the capital threshold of 5 per cent core […]


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