It is 10 years since Daniel Godfrey took over as director general of the Association of Investment Companies. In the world of investment trusts, this may not seem like a long time, after all, the first one, Foreign & Colonial Investment Trust, was established in 1868, and the trade body, the Association of Investment Trust Companies was set up in 1932. But in terms of a career, 10 years is a considerable length of time, particularly given the challenges that investment trusts have faced during this period.
Invesco Perpetual has hired Tim Dickson as fund manager within its Asian equities team in Henley. Dickson joins from Scottish Widows Investment Partnership where he was investment director for the global emerging markets and Asian desk. He was portfolio manager for a number of Asia (ex Japan) funds including segregated and standalone mandates and since […]
Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]