Interactive Investors unveils monthly fee model while Hargreaves Lansdown announces new global fund

The Isa season officially ended with the tax year but the UK’s biggest DIY investment platforms have upped the ante in their bid to win investors’ funds by unveiling new propositions.   Interactive Investor has announced the introduction of three subscription plans involving a monthly fee to replace its existing quarterly charging structure from 1 June. … Read more

Vernon Building Society launches offset retirement interest-only deal

Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance.  But … Read more

SECURITIES TRUST OF SCOTLAND: The £220m Scottish fund… scouring the world for stocks

Although you wouldn’t guess from the name, Securities Trust of Scotland is an investment fund that scours the globe for dividend-friendly businesses. It’s an international approach to investing that the trust has only employed for the past nine years, having previously been focused on the UK stock market. But the £220 million fund is making … Read more

‘Netflix of sport’ DAZN plans heavyweight £3bn float

Entering the ring: London-based DAZN will screen Anthony Joshua’s fights in America Billionaire Warner Music owner Len Blavatnik is plotting a blockbuster London stock market flotation of his broadcasting service, dubbed the ‘Netflix of sport’. Hammersmith-based DAZN, which was acquired by Blavatnik’s Access Industries in 2014, is understood to be drawing up options, including a … Read more

Life after Sir Martin Sorrell sees WPP seek buyer for its £3bn market research firm Kantar 

WPP’s post-Sorrell clear-out kicks off in earnest this week. The advertising giant has brought in bankers from Goldman Sachs to find a buyer for Kantar, its market research firm. The sale is a key plank of chief executive Mark Read’s turnaround plan to simplify the business that he inherited last year from founder Sir Martin … Read more

MIDAS SHARE TIPS UPDATE: Egg-free bakery chain Cake Box has a winning formula

MIDAS SHARE TIPS UPDATE: Egg-free bakery chain Cake Box has a winning formula with turnover set to rise By Joanne Hart, Financial Mail on Sunday Published: 21:17 BST, 13 April 2019 | Updated: 10:10 BST, 15 April 2019 Bakery: Cake Box was founded by cousins Sukh Chamdal and Pardip Dass in 2008 One in 20 people … Read more

MIDAS SHARE TIPS: Tablets and debit cards… how Morses is taking doorstep lending upmarket

Simple touch: Morses Club agents use tablets to make form-filling easier Doorstep lenders are a controversial bunch, often criticised for charging too much and harassing late-payers.  Their reputation has been further tarnished by high-profile revelations about payday lenders, offering fast bucks online but forcing borrowers to pay extortionate amounts of interest in return. The payday market … Read more

TONY HETHERINGTON: Beside Asset Management won’t return any cash despite my ‘£84,000 profit’

Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below.  S.A. writes: I was looking for investments and came across a company called Beside Asset Management. I did some … Read more