Representatives from several investment houses will speak at event
Finding investment opportunities during a global economic slowdown will be a central theme at this year's Investment Week Investment Trust Markets Forum, to be held on 21 November at the Bloomberg Auditorium.
Speakers at this year's forum, from a number of different investment houses, will cover a range of topics, with the main theme centring on what to look for amid the current volatility.
Ravi Anand, director at New Star Asset Management, will examine the future of investment trusts in the UK savings market, exploring the positioning of investment trusts and future possibilities.
Sandy Fleming, fund manager of F&C Smaller Companies IT, will look at what makes smaller companies interesting and why the attractions are not confined to just the UK market.
Brian O'Neill, senior investment manager, international equities at Gartmore, will talk on where to look for global stock markets. He will discuss how the markets have performed since 11 September and what the economic prospects for major economies are. Ian McVeigh will carry on from this to discuss value stocks and how their recent recovery is only the beginning.
Following panel sessions, Chris Fishwick, investment director and head of specialist funds at Aberdeen, will talk on rebuilding the split capital investment trusts sector.
Director of European equities at Friends Ivory & Sime, Miller Law, will discuss continental European opportunities in small and mid caps. Peter Metcalfe, a consultant with JO Hambro Capital Management, will conclude the main presentations for the day with a look at sorting the wheat from the chaff in the investment trust arena. Also being held on the 21 November is the annual Investment Week Investment Trust of the Year awards. To be held in the evening at the Savoy Hotel in London, the event will see awards given in a range of categories including best split capital trust, UK, global including US, Emerging, Europe, Japan and UK small cap and venture capital.
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IFA standards criticised
Chartered accountants will be the major sector providing financial advice in five years time because they have higher professional ethics
than financial intermediaries, delegates were told at a recent conference.
David Rangley of the London Society of Chartered Accountants (LSCA) told delegates at its annual financial planning conference: 'Chartered accountants who give financial advice are required to have integrity and be objective and independent.
Not only are we highly qualified but we have to maintain high professional working ethics. Few people offering financial advice are as well placed as us to satisfy this criteria.'
Mortgage competition rises
Competition in the five-year fixed rate mortgage market is hotting up as Charcol has secured an exclusive deal with Portman Building Society to
offer a five-year 4.99% fixed-rate mortgage with a 95% LTV just as Derbyshire Building Society is set to unveil its own deal with similar terms.
Charcol's five-year fixed rate deal is free of mortgage indemnity (MIG) cover unless policyholders opt to take a loan worth 90% or more, however, there is an early redemption charge of 5% until the expiry date.
Meanwhile, Derbyshire's five-year deal is slightly more expensive as it carries a tiered interest rate for loans if investors want any more than a 75% LTV, but it is offering lower completion fees and no MIG.
Opra looks at stakeholder
Opra, the Occupational Pensions Regulatory Authority, has said it is virtually impossible to determine how many employers have yet to comply with stakeholder regulations because huge holes in Government and industry data make it difficult to know how many firms must meet
Opra spokesman, Nick Edmans, said the only way the pensions regulator can presently know how many employers did not designate stakeholder schemes for employees by the 8 October deadline is by the 211 complaints received from employees and the number of employers who have turned themselves in.
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions