Simply Biz and Compliance First Capital Reward scheme will broaden the distribution of the F&C multimanager funds to more than 4,000 registered individuals at over 1,800 IFA firms. F&C lifestyle range was launched in March 2007 and mirrors the asset allocation models derived from dynamic planner, a third party risk-profiling tool.F&C director of strategic partnerships [...]
Jones joined New Star in 2001 and will assume his new role from September while maintaining sales director responsibilities in the UK. New Star International managing director Mark Skinner says: “I am delighted to announce Greg’s appointment as managing director of New Star’s international fund business. Greg’s wealth of experience in UK and international fund [...]
The regulator fined GK Group Ltd £51,100, George White Motors Ltd £28,000, Ringways Garages Ltd in Leeds and Doncaster £35,000 and Parks of Hamilton Ltd £61,600 for putting 2,175 customers at risk when selling PPI alongside car and motorbike loans.According to the FSA the five firms failed to gather enough information about each customer and [...]
Charting the rise of funds from smaller investment houses at a Thames River Capital multimanager seminar this week, co-head Robert Burdett said he believed so-called boutique funds typically outperform funds from larger institutions in volatile market conditions. He said: Boutiques should do better on average in difficult market conditions because they have flexibility, nimble portfolios [...]
In its half-year figures, the lender revealed net mortgage lending increased by 24 per cent to £851 million, representing three times the societys normal market share. This equates to almost 3 per cent of the total market, and around a quarter of total net lending by building societies.This figures becomes all the more impressive after [...]
L&G says advisers are likely to see with-profits annuities as an alternative option to conventional annuities if the client is prepared to accept a degree of risk.L&G has produced a guide to the products for advisers to use with their clients, which includes a calculator to estimate the potential impact of inflation on income.Head of [...]
A bill aimed at making it more difficult for people like to victimize vulnerable mortgage borrowers passed the state Senate yesterday and is headed to Gov. Schwarzenegger.
(which passed the Assembly on Monday) would give the Department of Real Estate the power to ban unscrupulous individuals from working in real estate or related industries [...]
Some homeowners are unnecessarily losing their homes because they thought they were getting help in avoiding foreclosure but ended up being the victim of a scam.
suggests that homeowners who are in financial trouble and looking for help should avoid any business that:
Guarantees to stop the foreclosure process — no matter what your circumstances
Instructs [...]
Aldridge joins the London team in mid-September and will be responsible for growing business with UK intermediaries and leading the UK retail sales and client service team. Previously he worked as head of UK retail distribution at Gartmore Investment Management and also held roles at Cofunds, Threadneedle Investments and Rothschild Asset Management.Baring head of European [...]
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 [...]
