Private investors lose out
Private investors can expect lower dividends in 2013 than they received last year as big special dividends come to an end and investor market share drops from 11.3% to 11%.
News
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PRA crackdown on liquidity-poor banks
The Prudential Regulation Authority (PRA) has found five UK banks have a shortfall of an aggregate £27.1bn, meaning they are below the minimum 7% liquidity required by Basel III legislation.
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Cazenove’s Rob Thorpe bows out
Cazenove Capital’s head of UK retail Rob Thorpe is leaving the business, the latest in a line of senior staff to leave the firm following its takeover by Schroders.
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Investors ditch emerging markets
Optimism in the eurozone improved significantly over the past month as 45% of investors stated they expected the economy to strengthen over the coming year, compared to 24% in May.
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Axa IMs Trindade reduces financials
The fixed income market is set for a volatile few months as a number of key global issues come to a head including decisions about QE, the German election in September and Mark Carney taking up his new role as governor of the Bank of England, according to Nicolas Trindade of Axa Investment Managers.
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Raymond James adds bundled pricing
Raymond James has announced an additional bundled pricing model for its administration platform, which it believes enables wealth managers to segment their client base and manage portfolios for various clients through one platform.
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First UK Libor criminal case comes to court
Tom Hayes, a former UBS and Citigroup trader, will appear before Westminster Magistrates on Thursday charged with eight counts of conspiracy to defraud in relation to Libor-rigging.
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Liontrust to pay dividend following inflow surge
Liontrust Asset Management doubled its AUM and registered a surge of more than 200% in inflows in the 12 months to end of March 2012.
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Smith and Williamson hires Tineke Frikkee
Ex-Newton Higher Income Fund manager Tineke Frikkee is to join Smith & Williamson Investment Management to head up its UK Equity Income Trust.
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Cofunds hires ex Aviva Benson as head of ops
Matt Benson has been appointed head of operations at Cofunds, the latest in a series of new hires at the platform following the buyout by Legal & General.
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Santander Hogg named new BoE COO
Charlotte Hogg has been selected as the Bank of England’s first chief operating officer, a role developed in response to the bank’s increase in front-line functions.
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Threadneedle brings risk balancing
Threadneedle has launched a new multi-asset product aiming to produce equity-like returns while seeking to control volatility.