Why Natwest splashed the cash for a slice of the wealth management pie Banking Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
The tax return deadline is looming. Here’s how to avoid fines Personal Finance Many of us are guilty of putting our personal finance admin on the back burner, opting to leave paying our bills, planning the monthly budget and checking insurance policies until the last minute. But with the deadline of the 31st inching ever closer, leaving your self-assessment tax return until the final days of January, leaves [...]
What does the Bank’s rate decision mean for your finances? Personal Finance UK households who were hoping for a rate cut today may be disappointed after the Bank of England held interest rates at four per cent. The decision came amid concerns surrounding high inflation ahead of Chancellor Rachel Reeves’ crunch Budget later this month. Governor Andrew Bailey, who had the deciding vote, said he would “prefer [...]
St James’s Place fund in the doghouse over underperformance February 21, 2025 St James’s Place’s Global Quality Fund has retained its spot as the largest fund to be consistently underperforming after falling 26 per cent below its benchmark over the last three years. The report from Bestinvest, which identified the funds in the ‘doghouse’ due to persistent underperformance, found 137 funds struggling to match their peers. Despite the [...]
Terry Smith’s Fundsmith Equity escapes the doghouse, but £54bn still stuck in underperforming funds August 16, 2024 As many as 137 equity investment funds in the UK have been condemned to the ‘doghouse’ after consistently underperforming their market benchmark over the last three years. The report from Bestinvest, which identified the funds in the ‘doghouse’ due to persistent underperformance, found £53.4bn of investor cash stuck in funds that have consistently underperformed the [...]
Evelyn Partners private equity sale: Is this the first domino to fall? July 22, 2024 Evelyn Partners, the wealth management and accountancy firm that manages £60bn in assets, is now up for sale by its private equity owner.