Tilney boots Woodford from buy list
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.
Environmental funds are blaming poor data on holding companies for their inability to report on environmental impact as the industry’s methodology for measuring green credentials throws up mixed results.
The UK’s compensation scheme has paid out almost £5m (€5.7m, $6.7m) in claims against the brothers behind Taylor & Taylor Associates, who defrauded more than 200 clients to fund lavish lifestyles that included private jets and Rolex watches.
Former Premier League football manager Walter Smith is seeking £320,000 from his ex-financial adviser over investments made during the time he was in charge of Everton.
The Investment Association has called for reform in the bond markets to address certain inefficiencies which are leaving investors ill-equipped to make informed investment decisions and trapped in illiquid positions.
Invesco has entered a direct relationship with advisers with the purchase of back-office software provider Intelliflo for an undisclosed sum.
UK advisers are spending more time and resources dealing with retirement advice since the launch of pension freedoms, according to the latest research from AKG.
Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.
An independent financial adviser, a former police officer, a city trader and a former Welsh-international rugby player have all been given jail sentences for their roles in a £2.4m (€2.7m, $3.2m) film tax scam after an investigation by HM Revenue & Customs (HMRC).
The government of Gibraltar and HM Treasury are looking for a consultant to undertake a “diagnostic review” of the overseas territory’s insurance regulatory regime.
After former tennis star and bankrupt Boris Becker and his wife Lilly announced their separation following nine years of marriage last week, barrister Nicholas Fairbank looks at what the ramifications are for his finances.