News
Bearish investors resort to indiscriminate selling
If fund flows are a reliable sentiment gauge, investors were at their most bearish since the autumn of 2011 on the eve of the Brexit vote. And the referendum outcome may have only exacerbated this trend.
Best Practice | news 3 Jul 16
How financial advisers can be ‘invaluable’ in divorce cases
The ex-wife of a Saudi billionaire is currently seeking £196m ($260m) in her divorce hearing in the High Court in London, says Judith Fitton, partner in the family department of law firm Mundays.
Samoa’s PM defends island’s role as offshore tax haven
The prime minister of Samoa, Tuilaepa Aiono Sailele Malielegaoi, has defended his country’s role as an offshore tax haven, claiming the ravages of climate change have left the Pacific island nation increasingly reliant on the revenue it brings.
Retirement | news 1 Jul 16
OMW slashes exit fee cap to 1% ahead of FCA reforms
Old Mutual Wealth is cutting exit fees to 1% from 5% for all customers aged 55 or over ahead of the UK regulator’s proposals to adopt a similar regime.
Fixed Income | news 1 Jul 16
Booze and tobacco boost post-Brexit UK bond market
The success of Brown-Forman’s and British American Tobacco’s (BAT) sterling bond issuance Thursday proves investors are still jonesing for quality UK bonds, said Chris Bowie, portfolio manager at TwentyFour Asset Management.