Story by: Gemma Westacott, FTAdviser
The sterling reached a five-year low against the US dollar earlier today (10 October), as ongoing concerns over the strength of the UK economy caused the bid price to fluctuate
FundZone, Standard Life’s mutual fund supermarket, now has access to more than 1000 distinct funds, giving advisers a wider choice of top-rated funds in all the main asset classes.
Landsbanki, the Icelandic bank that offered investments, commercial lending and investment banking services in the UK, has been nationalised.
Standard & Poor’s has rolled out the S&P US Commercial Paper index, designed to provide a benchmark for the country’s commercial paper market.
The aura of stability and protection surrounding money market funds has started to wane with six out of 29 funds in the IMA Money Market sector losing money over three months to 22 September, according to figures from Morningstar.
Swiss bank UBS has confirmed that 2,000 jobs are to go around the world following its extraordinary general meeting (EGM) in Basel yesterday (2 October).
Think Group's Julie Lord believes advisers should get behind balanced portfolios
Head of global fixed income warns on consequences of US intervention
UK managers relaxed over fears the same problems that hit US money market funds in wake of Lehman collapse could spread here
Chief investment officer for Europe predicts more regulation in wake of collapse of the Lehman Brothers banking empire
There seems to be discrepancies at HBoS in terms of people being able to close their accounts immediately
Advertising
Product review
IMA pours cold water on claims that structured products are the choice for 'peace of mind'
Location: Nationwide
Salary: OTE – £25k (uncapped).
Location: Hampshire
Salary: £25000 - £30000 per annum
Location: Surrey
Salary: £28000 - £35000 per annum
I bet readers were waiting anxiously to see what we’d come up with for X, that most unwieldy of lett...