Former adviser loses mismanaged Sipp claim against Rathbones
The UK’s Financial Services Ombudsman (FOS) has ruled in favour of Rathbones in a case where a client alleged the provider mismanaged his Self-Invested Person Pension (Sipp) portfolio, leading to its underperformance and a financial loss.
Global risk appetite jumps according to State Street
Global investors have begun 2018 in bullish mood, with investors across all regions showing an improved appetite for risk according to the latest State Street Investor Confidence Index.
Investment trust managers tread with caution as gearing falls
Managers of investment trusts appear to be de-risking their portfolios, suggesting a hint of caution regarding global markets as we approach the end of the year.
The cash conundrum: What’s driving cash balances down?
Global fund managers were yesterday accused of flying too close to the sun when it was revealed that despite thinking equities are overvalued, risk-taking has hit an all-time high.
Managers showing ‘irrational exuberance’ as cash balances drop
Despite perceiving equities to be overvalued, global fund managers cut cash allocations and admitted taking above normal levels of risk, according to the November BofA Merrill Lynch fund manager survey.