Chase de Vere "keen" to place £1bn of customer money into certain funds, lost pension pots and dying dividends - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Advice giant's premium price tag for failing funds Chase de Vere customers are being moved into expensive investment funds that are failing in half of cases, the company admitted in internal documents seen by The Times. The advice giant offers 12 ready-made fund portfolios, called Select, and six of them have returned less than the typical fund to which they compare, The Times reports. Chase de Vere customers have been advised to invest more than £650m into these funds. It is understood to be keen to have £1bn in them by June 2021. Customers are charged 0.36% for the service on top ...
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