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Walls come tumbling down…

Money Marketing hears the internet firewalls at L&G came tumbling down last week, prompting pensions guru Andy Agar to believe he was being subjected to a spam scam of monstrous proportions.

Various get rich quick schemes were emailed to poor Andy – not to mention the “enhancement” offers (when they said well endowed they were not talking about mortgages) – who is meant to advocate the marvels of compound returns and regular investment for old age.

But we hear the protective walls are back up, so IFAs with any complaints hoping to vent their true feelings and get them past the IT department may have missed their chance. Shame.

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Equitable Life accuses IFAs of urging policyholders to quit

Equitable Life has attacked IFAs and the media for adding to its woes by encouraging policyholders to leave the troubled life office in droves.Speaking at Equitable&#39s annual general meeting in London this week, chief finance and investment officer Charles Bellringer said the interests of financial advisers do not tally with those of the society. He […]

Citibank in partnership with Charcol to launch mortgage service

The UK consumer banking division of Citibank is launching a mortgage service in partnership with broker Charcol. The Citibank Mortgage Service will provide clients with independent advice and exclusive deals on mortgages. It will offer larger loans, in the region of £1 million, and a dedicated phone line manned by trained advisers seven days a […]

Low-risk US fund firm in UK retail move

US asset management firm Dimensional is planning a major launch into the UK retail market in September led by former Schroders chief executive officer David Salisbury.Dimensional, which has its head office in Los Angeles, has $39bn of assets under management worldwide. It is a low-risk fund manager with 30 pooled funds covering smaller company, value […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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