Active equity has good year but suffers longer term
More than half of active UK equity funds outperformed last year, but three quarters underperformed over a 10-year period, according to S&P Dow Jones Indices (SPDJI).
More than half of active UK equity funds outperformed last year, but three quarters underperformed over a 10-year period, according to S&P Dow Jones Indices (SPDJI).
UK housebuilders experienced a sell-off today after Berkeley Group Holdings warned it would not be able to boost production to meet the government’s demand for new homes.
Approximately 90% of the £519bn ($724bn, €587bn) assets held on adviser platforms are at risk of disruption from a major business change, according to The Lang Cat.
IFA adviser SimplyBiz is floating on the London Stock Exchange’s Alternative Investment Market (Aim) next month.
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
When markets fall, consumers who have transferred out of a defined benefit (DB) scheme and started accessing their pots could potentially face a crisis in their retirement, a director from advice firm Tuto Associates has argued.
Phoenix Group’s acquisition of Standard Life’s insurance arm is “testament to the current re-shaping of the UK life insurance industry” and the “break-up of traditional models”, the group’s chairman said.
John Griffiths-Jones used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
A week after it announced plans to undertake an initial public offering, Jersey-headquartered JTC raised £243.8m ($340m, €275m) from institutional investors and was admitted to the LSE on Wednesday.
Guernsey-headquartered asset management group MitonOptimal now has a presence in all three UK crown dependencies with the acquisition of Orchard Wealth Management.