Investment General
Barclays made a pre-tax profit of £5.879bn in the year to 31 December 2011, 3% down from the previous year and a slightly larger fall than analysts had forecast.
Investment manager Hargreaves Lansdown today said it delivered record underlying profits of £72m in the second half of last year.
Income investors enjoyed a bumper year in 2011 as dividends from UK-listed companies hit an all-time high, surging 12.8% to £67.8bn.
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It’s not difficult to imagine what your typical retail fund investor might say if asked whether he or she believes they are being charged fairly (especially if you know this person reads the Sunday papers).
Investment Management Association (IMA) chief executive Richard Saunders has criticised some media reports about fund manager fees as misleading and irresponsible.
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