The government is committed to allowing pension funds freedom of choice when it comes to where they invest their assets. Joanne Gibson, head of pensions investment review at HM Treasury, said it did not want to undermine the autonomy pension funds currently enjoy but it would be pushing schemes to invest more in productive finance.
Mortgage prisoners who have their mortgages with Landmark have been informed these will be sold on to Bloom Homeloans at the end of the week. In a letter sent to customers, seen by FT Adviser, Landmark Mortgages informed mortgage prisoners that it has agreed to transfer a portfolio of loans to Bloom Homeloans, a trading
The Financial Conduct Authority has said it will not issue compensation payments or launch a criminal investigation in relation to the Blackmore Bonds case. Today (February 6) the regulator wrote to those who had complained about the unregulated firm which issued mini-bonds. Blackmore Bonds was set up in 2016 and, until 2018, ran an investment scheme
Quilter’s WealthSelect managed portfolio has increased its fixed income allocations. The rebalance has taken place in its managed, responsible and sustainable ranges and has seen the fixed income allocation increased at the lower risk levels within the range. Managers Stuart Clark and Helen Bradshaw considered bond markets broadly. They said the recent underperformance of gilts