Crowdfunding platform named UK’s most active investor in private companies May 18, 2016 A crowdfunding platform has been named as the UK’s most active investor in private companies by a new report. In the first quarter of 2016, Seedrs made 37 investment deals. It was followed in second place by fellow crowdfunder, Crowdcube, which was involved in 30 deals. The Business Growth Fund was the next most active, [...]
How Brexit will hit investment portfolios: What (little) we know so far May 18, 2016 The Bank of England and the International Monetary Fund both issued stark warnings last week about the EU referendum and the potential impact of Brexit. In a report, the IMF said that a Leave vote could have a “negative and substantial” long-run effect on UK output and incomes. Later, IMF managing director Christine Lagarde added [...]
Shareholders lambast Standard Life over excessive boadroom pay deals May 17, 2016 Standard Life faced a backlash from shareholders at its annual general meeting on Tuesday with 22 per cent of votes cast going against the investment group’s executive pay report. Other big companies caught up in a so-called shareholder spring in the past few weeks include BP, Smith & Nephew, Shire, Regus, Weir Group and Anglo American. [...]
Report slams “shocking” level of pension scheme investment in hedge funds May 17, 2016 A new report has condemned the "shocking" level of UK pension scheme investment in hedge funds. SCM Direct condemned the “shockingly poor transparency” around costs and holdings, saying that many members would be unaware of the extent of their hedge fund investments. Read more: Hedge fund boss Paul Marshall to make Brexit donation The research estimated [...]
Five things you should know about Brexit and your finances May 17, 2016 Six weeks to go before the Europe referendum on 23 June and both sides are campaigning hard. Boris Johnson says the only safe option is to leave, while Bank of England governor Mark Carney cautions that it’s a dangerous choice, as everything from employment to food prices will be affected. We take a look at the [...]
How young investors are less patient with funds than their elders May 16, 2016 Younger investors appear to be less patient than their elders, according the findings of a global survey of more than 5,000. Legg Mason’s 2016 Global Investment Study found that 38 per cent of UK investors will give an underperforming fund more than 12 months to turn things around. Of those aged over 40 in the [...]
Forget the gender pay gap – it’s the gender investment gap you really have to worry about May 16, 2016 It's not just the gap in pay that women need to worry about, as a study out today shows they are also getting a raw deal on their investments. The research by investment provider Radius Equity found that men make an average of £3,794 per year from their investments, which is 57 per cent more than women's [...]
Is the IMF right that a vote to leave the EU would lead to sharp drops in share prices? May 13, 2016 Aengus Collins, country forecast director at the Economist Intelligence Unit, says Yes. Volatility in the UK’s financial markets would unquestionably surge in response to a vote to leave the European Union. Although the medium-term economic impact wouldn’t necessarily be dramatically worse than the baseline, the immediate aftermath of a leave vote would potentially be brutal. The [...]
MPs warn that not enough is being done to protect consumers from mis-selling, and that the recently introduced pensions freedoms could spark a whole new scandal May 13, 2016 MPs are warning that the next financial scandal could be on the horizon, as too little is being done to address the cultural aspects that lead to wrongdoings, such as payment protection insurance (PPI) mis-selling, while a landmark pensions change has created new opportunities for such behaviours to flourish. A report released today by the Public Accounts Committee (PAC) [...]
The storm is here: This is what you should expect to happen to P2P following the Lending Club catastrophe May 11, 2016 It's been a rather dark few days for the alternative lending industry. On Monday, news broke that the chief executive of US giant Lending Club, Renauld Laplanche, had been forced to resign by his board. First, the platform disclosed that it sold near-prime loans to a bank (Bloomberg reported that it was Jefferies) which it knew [...]