Standard Life Aberdeen has sold its insurance arm to Phoenix in a £3bn deal. In the first results since the merger of Standard Life and Aberdeen Asset Management, the firm has said it has decided to exit the insurance market. Phoenix will pay a total of £2bn in cash for the business. Standard Life Aberdeen […]
We’ve heard an awful lot from banks about returning to financial advice recently. The fact that many of these announcements have, once you dig down into them, revealed little more than shiny new direct-to-consumer investment platforms for low-value savers means that they have been a damp squib for the most part. But given Scottish Widows’ […]
The Financial Ombudsman Service has told advice firm Kingsway Wealth Management to compensate a client who invested his pensions into residential apartments in Limassol, Cyprus. Mr B complains that the advice to transfer his savings into a self-invested personal pension plan exposed his pension to more risk than he was prepared to take. The case […]
The FCA has revealed that asset managers have paid back £34m to investors overcharged by so-called “closet tracker” funds. While the regulator has not ordered the move as part of any official redress scheme, The Sunday Telegraph reports that the FCA is eyeing enforcement action against one fund manager over potentially misleading marketing material. FCA […]
Lucy Macdonald, portfolio manager, The Brunner Investment Trust PLC, discusses the aims and objectives of the trust and how recent political uncertainty has impacted her investment decisions. Lucy also discusses current investment themes, with a spotlight on internet businesses, and explains why investors should consider Brunner.
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