decisions could be based on tomorrow’s (July 8th) interest rate policy.
The Bank of England’s Monetary Policy Committee (MPC) will meet on Thursday and decide whether to keep the base rate at the historic low of 0.5 per cent.
Wednesday, 07 July 10
Private wealth management 'changed' following recession
Private wealth management has altered in the wake of the economic crisis, according to new industry statistics.
The British Bankers’ Association (BBA) has published data showing wealth management clients are more likely to reduce the amount they owe in loans, focusing instead on making increased savings deposits.
Meanwhile, corporate ...
Wednesday, 07 July 10
Private wealth in British shares may increase
Individuals with
private wealth invested in UK stocks could see gains today (July 6th), as Britain’s top shares climb rapidly in response to renewed investor risk appetite.
Private wealth placed in financial and commodity funds benefited from traders seeking bargain prices snapping up shares which had lost ...
Monday, 05 July 10
Kleinwort Benson recognised for strong wealth management performance
In a recent survey of wealth management and investment firms, Kleinwort Benson was found to have given the best returns in 2009, with the average performance of private clients’ balanced portfolios in the company standing at 25.7 per cent.
The Financial Times found the wealth management provider best reflected last ...
Friday, 02 July 10
Excess regulation 'could make wealth management more difficult'
Wealth management using consumer credit could become more difficult if over-regulation is revealed to be ’burdensome’, according to one industry observer.
Many individuals use financial products, such as store cards and bank loans, for wealth management, but the Finance and Leasing Association today (July 2nd) warns of ’unintended and potentially ...
Friday, 02 July 10
Stewardship code aims to support corporate fiduciary
Corporate fiduciary is now subject to the first Stewardship Code for institutional investors, which has been published by the Financial Reporting Council (FRC).
The aim of the new initiative is to promote better communication between company boards and shareholders, improving corporate governance quality.
Principles included within the code are managing conflicts of ...
Thursday, 01 July 10
Charity bank accounts boosted by record Gift Aid claims
Charities’ bank accounts may have received a welcome addition from Gift Aid this year, as the amount claimed so far in 2010 is the highest it has ever been.
Social investment in charities and individual giving dropped off in the wake of the recession, meaning third sector organisations ...
Thursday, 01 July 10
Corporate fiduciary comes under the spotlight
Corporate fiduciary is the subject of a recent discussion paper released by the Financial Services Authority (FSA) and Financial Reporting Council (FRC).
The report recommends enhanced auditor regulation of corporate banking, including reporting and assurance support, in order to improve public confidence in the sector.
Management bias and a ’sufficiently ...
Thursday, 01 July 10
Wealth management firms 'should deliver better services'
Many wealth management companies offering with-profits funds fail to provide adequate information and support to clients, according to one industry watchdog.
Private wealth management advisers might recommend with-profits funds to customers seeking long-term capital growth.
However, a recent review by the Financial Services Authority (FSA) found poor fund governance means ...