Novia’s Vasilieff calls on FCA to ban exit charges
The FCA should ban exit charges and admin fees charged by restricted advisers and platforms for facilitating transfers, Bill Vasilieff, chief executive at investment platform Novia Financial says.
News
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Miton CEO: No plans for EU-domiciled range despite Brexit
Miton feels under no pressure to add an EU-domiciled range of funds to its roster despite the Brexit vote, according to its chief executive David Barron.
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Concerns abound as Taylor Wimpey and BP smash H1 results
Taylor Wimpey and BP impressed markets today with their interim results, but sector headwinds and cashflow concerns still remain.
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Former Towry team launches wealth boutique
A team of five former-Towry managers have announced the launch of an independent wealth management and financial planning firm, Lockhart Capital Management.
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Whitechurch expands team to enhance bespoke portfolios
Whitechurch Securities has appointed a former Beaufort manager to its investment team amid increasing demand for its bespoke client portfolios.
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Heartwood IM: US dollar will buck up
A “confluence of factors” has created the perfect storm to keep the dollar down, but Heartwood Investment Management’s Graham Bishop thinks it won’t be long before the greenback bucks the trend.
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What investors really think: June’s top selling sectors
Fund sales in the global and corporate bond sector soared in June, suggesting a move to diversification and safety according to data from FundsNetwork. We list the best-selling sectors of the month here.
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HSBC sweetens H1 results with $2bn share buyback
HSBC has reported higher profits over the first half of the year and announced a $2bn share buyback scheme, but investors remain cautious about the bank’s prospects.
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Baillie Gifford launches Positive Change fund
Baillie Gifford has launched a new ESG fund which will invest in companies setting out to make a “positive change” in the world.
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Aberdeen and SJP ‘worst of the worst’ funds in Bestinvest report
A report by Bestinvest has named and shamed Aberdeen Asset Management and St James’s Place for running some of the worst-performing equity ‘dog’ funds.
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FCA echoes BoE’s worry over consumer credit
The Financial Conduct Authority (FCA) has echoed the Bank of England’s recent concern over escalating levels of consumer credit in the UK.
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Former rugby pro leads Brooks Macdonald’s Wales venture
Brooks Macdonald has expanded its footprint in Wales with the opening of a new office in Cardiff, headed by former Brewin Dolphin man and professional rugby player, Andrew Lewis.
