Nutmeg ordered to pay ex-client for ‘irritating’ mistakes
The Financial Ombudsman Service has ordered Nutmeg to pay a former client for “numerous mistakes” surrounding direct debits on his pension plan that were likely to cause irritation.
Author: Jessica Tasman-Jones
-
-
Trump tax cuts entice UK advisers
UK advisers turned to US funds in April as corporates got to work spending the savings from president Donald Trump’s tax reform.
-
Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
-
Markets hit Quilter assets in Q1 despite inflows
Quilter, formerly Old Mutual Wealth, said its assets under management and administration had fallen in the first quarter of 2018 despite net inflows increasing 14% compared to the same period last year.
-
Markets peaked on 26th January
John Chatfeild-Roberts has said global equity markets peaked in January, before stocks sold off and investors declared the return of volatility.
-
FCA’s Bailey tackles decumulation ahead of retirement report
Financial Conduct Authority chief executive Andrew Bailey has listed the growth of decumulation products as a key issue for the regulator as it prepares to launch its retirement outcomes review.
-
Woodford Patient Capital directorships raise eyebrows
Woodford Patient Capital Trust’s holdings in companies in which its independent directors, including its chairwoman, hold senior positions has raised eyebrows with investors, as they highlight concerns about the board’s ability to act in shareholders’ best interests.
-
Advisers favour Vanguard Lifestrategy despite duration concerns
Advisers continue to favour Vanguard Lifestrategy for multi-asset exposure, despite concerns the range’s high duration leaves investors exposed to rising interest rates.
-
FCA tells EU to get on with reciprocal passporting
Financial Conduct Authority chief executive Andrew Bailey has told the European Union to “get on with it” and reciprocate passporting for UK firms during the implementation period.
-
Old Mutual bosses step back as managed separation finalised
Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
-
Woodford fails to disclose increased Russian holding
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions against Russia.
-
Buxton echoes Woodford on UK outlook
Richard Buxton has echoed the views of Neil Woodford in his outlook for the UK economy pointing to corporate deals as a sign of value and predicting GDP growth will be higher than expected in 2018.