Tilney profits double over 2017
Tilney Group’s profits doubled from £43m in 2016 to £86.6m for the year to December 2017, boosted by rising assets and fees from financial planning and investment management.
News
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FTSE 350 dividend cover hits three-year high
Dividend cover ratio among the UK’s top 350 firms more than doubled over the past year, hitting a three-year high, research has found.
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The worst-performing funds of Q2
While funds invested in oil and gas companies dominated the lists of the best-performing funds in the second quarter, those investing in Latin America found themselves at the bottom of the table.
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Rothschilds back retail investment platform
Two members of the famous Rothschild family have put their own money behind an AI-powered wealth manager offering for UK retail investors.
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Jupiter’s head of strategy for global equities departs
Jupiter Asset Management’s head of strategy for global equity, Stephen Mitchell, has left the firm after three years.
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Chris St John says new manager found
Nigel Thomas and Chris St John say they’ve selected a secondary manager as part of their succession planning on the Axa Framlington UK Select Opportunities fund, but the appointment is unlikely to have much impact on the fund’s recently downgraded rating.
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ESG investors face mixed bag with bitcoin and blockchain
Cryptocurrencies should be viewed critically from an environmental, social and governance (ESG) perspective, but the blockchain technology that underlies them could have positive applications for democracy and economic inclusion, according to a sustainable investments rating agency.
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Best in show: the top-performing funds of Q2
Portfolio Adviser looks at three-month data from FE Analytics to determine which five funds beat the odds and performed the best in Q2. Click through the slides below to find out.
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Invesco and Woodford diverge over boardroom battle
Neil Woodford and his former employer Invesco Perpetual have ended up on opposite sides of the fence over a boardroom battle taking shape at Stobart Group, in a rare divergence over holdings.
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Sipp complaints help push UK compensation to £405m
Customers of failed financial services firms received £405m in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.
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Smith & Williamson overhauls remuneration ahead of IPO
Smith & Williamson has announced changes to its remuneration policy as it prepares for a listing on the London Stock Exchange by the end of 2019.
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AIC slams regulator over KID risk indicators
The Association of Investment Companies has urged the Financial Conduct Authority to do more to protect consumers against “misleading” and “reckless” key information documents (KIDs).