Private investors bought £2.6bn of equities in August and September marking a reversal of the heavy selling of shares in the first half of 2006.Figures from Capita show that August and September are the first time private investors have increased holdings in equities since the beginning of the year.Between February and July this year, investors […]
Bless Newton and their efforts. With what can only be described as marketing genius, the fund manager sent out polystyrene model aeroplanes boasting “Income funds with less drag” across the body. The irony comes, of course, when the plane is launched into flight – or rather, a sudden drop, as the plane possesses absolutely no […]
Falcon parent Sumus has announced the appointment of Andrew Snowball as non-executive director.Snowball will remain as commercial director of Financial Services Advice & Support Limited, which was acquired by Sumus in September for £2m.Snowball says: “Becoming part of the Sumus group was a major strategic step for FSAS and I am delighted to be invited […]
HBOS is to embark on a multi-million-pound inv- estment drive over the next two years to boost its already dominant position in the intermediary mortgage market. The giant has pledged to pump £10m into improving services for brokers, in addition to its “business as usual” investment. It will be largely spent on improving technology to […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]