08/21/2020
Octopus Investments launches £20 million joint fundraise for its AIM VCTs
The latest fundraising offers investors the opportunity to invest into both Octopus AIM VCT plc and Octopus AIM VCT 2 plc
Alternative Investments
08/20/2020
Macro hedge funds enjoy unlikely renaissance
Market volatility caused by the pandemic has been a boon for investors making big economic bets
08/20/2020
Baillie Gifford launches health innovation fund managed by AAA-rated PM
The Worldwide Health Innovation fund invests in companies tackling global healthcare challenges.
08/20/2020
Woodford investors to receive additional £183m
This will mean that a total of £2,450,413,385 will have been distributed to investors since the commencement of the winding up of the Fund.
08/19/2020
ASI shuts poor performing fund as backer exits
Small funds face a number of operating difficulties as they are unable to benefit from economies of scale.
08/18/2020
Phoenix Financial PR Again Shortlisted for Moneyage Awards
The Awards, celebrating excellence, innovation, and professionalism in the personal finance space, honour the providers and advisers
08/18/2020
World’s largest sovereign wealth fund reports $21 billion loss after ‘volatile’ first half of the year
It had 69.6% invested in equities, 27.6% in fixed income and 2.8% in unlisted real estate.
08/18/2020
Tiny trust bats off M&G takeover attempt
But the board of UK Mortgages immediately rejected the offer and M&G confirmed it did not intend to make another bid for the company.
08/17/2020
Amati Aim VCT PLC Triggers 'Over-Allotment' Facility to Raise Further £20M
The Offer is scheduled to close on 16th October but will close earlier should capacity be reached.
08/17/2020
JP Morgan defies all odds to dominate forex with a 10%+ market share
To harness this potential, it launched an eFX algorithm that seeks to minimize market impact on order placements.
08/17/2020
UBS beats Amundi as top European manager of retail investor assets
Swiss bank’s fund arm cements position as rival suffers large redemptions
08/14/2020
Taking up to 25% tax-free cash from a pension – what you need to know
We take a look at what you need to know about taking tax-free cash from a pension, and uncover some of the most common misconceptions.
08/14/2020
UK life insurers pay out $118m in three months over COVID-19 claims
Life insurers have been hit by the pandemic but their losses are being seen as limited.
08/14/2020
Wren Sterling gains £68m in Woking IFA acquisition
John deserves his retirement after many years of guiding clients
08/13/2020
Aegon profits up as platform rebounds
Net inflows into the business hit £2bn in the first half of this year, whereas in 2019 the provider saw net outflows of £1.9bn as the issues faced by advisers in 2018 started to take effect.
08/12/2020
Mystery buyer snaps up renovation project London home – for £18.6m
The fixer-upper home in upmarket Mayfair once belonged to the Onassis family
08/11/2020
Prudential plc 2020 Half Year Results
Strategic updates and performance highlights on a constant (and actual) exchange rate basis
08/11/2020
Raiffeisen Bank 2Q Earnings Fell as Virus Hit
In its first half, Raiffeisen booked EUR312 million in impairment losses on financial assets, mostly due to the Covid-19 pandemic, compared with EUR12 million during the same period last year, it said.
08/10/2020
Options and Wahed Invest launch halal workplace pension
The firms said the scheme will allow British Muslims "to enjoy generous tax advantages without compromising on their beliefs".
08/10/2020
Ascentric assets fall as Royal London reports loss
Royal London agreed to sell Ascentric to M&G in May and is currently waiting for approval for the sale from the Financial Conduct Authority.