Trust providers still have to battle a number of misconceptions before advisers can truly understand the benefits of closed-ended structures, writes Ed Morse, head of investment trust business development at F&C Investments.
F&C Asset Management has told investors it expects to take a £2.3bn hit to its assets under management this year when Friends Life withdraws money from its annuities business.
Shares in Hargreaves Lansdown fell almost 3% today after RBS downgraded the business from 'hold' to 'sell'.
Warren Buffett's retail favourite Tesco has seen its shares plunge 14.2% following a profit warning today.
Sherborne Investors' Edward Bramson's eagerly-awaited strategic review into F&C has laid out plans to cut costs, leading to staff redundancies.
It has been another busy week in the world of financial services...
It has been another busy week in the world of financial services...
As Barack Obama and S&P continue their public spat over the ratings agency's downgrading of America's Triple A credit rating, just how much importance should advisers place on a downgrade?
F&C's Ted Scott said if UK equities dive a further 5% they will be worth stockpiling, despite the risk of a double-dip recession.