Property News
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Evershed claimed Duffield 'undermined' fund managers' confidence Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
FSA brings advisers and wealth managers under remuneration code Thu, 29 Jul 2010 11:20:41 +0100
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
Collective redress schemes to be limited by 15-year long-stop Thu, 29 Jul 2010 10:39:18 +0100
The Financial Services Authority’s power to set up collective redress schemes for consumers will be limited by a 15-year long-stop.
The Financial Services Authority’s power to set up collective redress schemes for consumers will be limited by a 15-year long-stop.
Towergate launches RDR transition service Thu, 29 Jul 2010 12:07:26 +0100
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
Campbell Edgar joins John Lamb Partnership Thu, 29 Jul 2010 12:20:43 +0100
Former Andersen Charnley consultant director Campbell Edgar has been appointed as head of private clients at London-based IFA John Lamb Partnership.
Former Andersen Charnley consultant director Campbell Edgar has been appointed as head of private clients at London-based IFA John Lamb Partnership.
Nearly a third of FSA staff disgruntled over pay Thu, 29 Jul 2010 08:00:00 +0100
Almost a third of Financial Services Authority staff complained they felt poorly paid compared to other organisations, according to the regulator’s annual survey.
Almost a third of Financial Services Authority staff complained they felt poorly paid compared to other organisations, according to the regulator’s annual survey.
Government plans to scrap fixed retirement age from October 2011 Thu, 29 Jul 2010 07:31:11 +0100
The government will launch a consultation process today to look at plans to scrap the default fixed retirement age for the UK's workforce.
The government will launch a consultation process today to look at plans to scrap the default fixed retirement age for the UK's workforce.
Close launches multi-asset funds aimed at advisers Thu, 29 Jul 2010 08:40:07 +0100
Close Asset Management is planning to broaden its discretionary offering with the launch of a range of multi-asset funds that are designed to cater for IFAs with smaller portfolios.
Close Asset Management is planning to broaden its discretionary offering with the launch of a range of multi-asset funds that are designed to cater for IFAs with smaller portfolios.
Eppinger expects to be in charge of Cofunds for 12 months Thu, 29 Jul 2010 08:57:44 +0100
Cofunds interim chief executive Charlie Eppinger expects to be in charge of the platform for up to a year as it searches for a replacement for Brett Williams.
Cofunds interim chief executive Charlie Eppinger expects to be in charge of the platform for up to a year as it searches for a replacement for Brett Williams.
Pointon York raises £500k through rights issue Thu, 29 Jul 2010 08:59:31 +0100
Pension firm Pointon York has raised £567,000 through a rights issue and will hold the offer open until 15 September due to continued interest.
Pension firm Pointon York has raised £567,000 through a rights issue and will hold the offer open until 15 September due to continued interest.
Upbeat Aviva sets sights on the mass market Thu, 29 Jul 2010 08:00:00 +0100
The traditional life company may be looking isolated but Simon Badley is positive about the possibilities of working with IFAs as the provider prepares to service clients who may not want to pay for advice
The traditional life company may be looking isolated but Simon Badley is positive about the possibilities of working with IFAs as the provider prepares to service clients who may not want to pay for advice
Shell profits nearly double Thu, 29 Jul 2010 16:15:00 +0100
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
Collins Stewart's AUM up 36% as acquisitions completed Thu, 29 Jul 2010 07:52:35 +0100
Collins Stewart Wealth Management (CSWM) enjoyed a 36% year-on-year jump in assets under management in the first half of the year as two strategic aquisitions were completed.
Collins Stewart Wealth Management (CSWM) enjoyed a 36% year-on-year jump in assets under management in the first half of the year as two strategic aquisitions were completed.
Stocks fell amid downbeat assessment of US economy Thu, 29 Jul 2010 07:35:00 +0100
Lower-than-expected orders for durable goods also weigh on markets.
Lower-than-expected orders for durable goods also weigh on markets.
Thursday Papers: tips and comment Thu, 29 Jul 2010 03:38:00 +0100
Greek debt rescheduling is the elephant in the room stress tests conveniently ignored
Greek debt rescheduling is the elephant in the room stress tests conveniently ignored
Thursday Papers: ICBC plans to raise $6.6bn in rights issue - other news Thu, 29 Jul 2010 03:34:00 +0100
Three former executives of units of GE Capital charged with fraud
Three former executives of units of GE Capital charged with fraud
Thursday Papers: Private equity firms in $850m HGI deal - bid news and gossip Thu, 29 Jul 2010 03:28:00 +0100
Buy-out arm of Goldman Sachs and CDR join hands to acquire HGI from Jordan Company
Buy-out arm of Goldman Sachs and CDR join hands to acquire HGI from Jordan Company
SC Davies launches global multi-asset funds ahead of RDR Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies & Co to launch a trio of funds ahead of the retail distribution review (RDR).
Boutique wealth manager SC Davies & Co to launch a trio of funds ahead of the retail distribution review (RDR).
Santander hiring 600 staff as it goes on customer service assault Thu, 29 Jul 2010 11:22:37 +0100
Spanish bank hiring 600 UK staff as it tries to improve its much-maligned customer service.
Spanish bank hiring 600 UK staff as it tries to improve its much-maligned customer service.
