Money Marketing
8 July 1998

  • 'Interest rates will soar under Emu'

    9 Jul 1998

    The Association of Consulting Actuaries is warning that interest rates will soar under Emu if member countries, such as Italy and France, fail to deal with their unfunded pension liabilities. Emu convergence criteria fails to take account of the liabilities, which across Europe amount to over £1,000bn. The UK has over £750bn in funded pensions.

  • 'Slapped wrists' for Gordon's firm over PI

    9 Jul 1998

    The PIA has reprimanded former board member Tony Gordon's firm Redcliffe Assoc iates, after its PI insurance failed to comply with regulatory standards.

  • 'Small firms are dealing with Year 2000 bug'

    8 Jul 1998

    Warnings that small businesses face meltdown because of the millennium com puter timebomb have been exaggerated, according to business finance specialist Alex Lawrie.

  • 'Tis the season to be Bolly

    8 Jul 1998

    Enjoy a bubbly beginning to 1998 with our Christmas quiz in association with Guardian Financial Services. To put yourself in line for a magnum of Champagne, courtesy of Guardian, simply answer the 20 questions published here.

  • £13m bill to set up FSA

    8 Jul 1998

    The Financial Services Authority will cost regulated firms, including IFAs, an extra £13m to set up.

  • £1bn Pep bonanza as Brown boosts ISA

    9 Jul 1998

    Fund managers are predicting a Pep bonanza of up to £1bn in the next three weeks following Chancellor Gordon Brown's decision to overhaul plans radically for the Individual Savings Account.

  • £20m mortgage book for West Bromwich

    8 Jul 1998

    West Bromwich Building Society has bought a £20m residential mortgage book from First Mortgage Group, bringing its group assets to over £2bn. The portfolio was acquired by subsidiary West Bromwich Mortgage Company. The move follows a £90m purchase of the Century Life mortgage book last November.

  • £20m target for second Quester VCT

    9 Jul 1998

    Quester is aiming to raise £20m with its second venture capital trust after its first VCT took £31.2m.

  • 19/3/98

    9 Jul 1998

    By the time you read this, the Budget will be over and will be presenting lots of opportunities for IFAs to rearrange their clients' affairs.

  • A CONSUMER'S VIEW

    9 Jul 1998

    Travel insurers are expressing concern that the expected ban on travel agents' sales of compulsory insurance, soon to be announced by the Department of Trade and Industry, will backfire and fail to protect the consumer.

  • A CONSUMER'S VIEW

    8 Jul 1998

    The year has ended on a sour note for Tony Blair and his team. The almost universal dismay with which the proposals for the new Individual Savings Account were greeted has been followed by almost universal disquiet over the cutbacks in benefits to single parents.

  • A contrast in illustrations

    8 Jul 1998

    I have every sympathy with your correspondent Anthony Harper who mentioned the contrast between the Standard Life illustration and J Rothschild Assurance.

  • Abbey Life sets up discount deal on Peps

    9 Jul 1998

    Abbey Life is offering investors a discount of 3 per cent on the initial charge if they buy a Pep in the 1997/98 tax year and another in the 1998/99 tax year. The offer is available on all initial lump sums between January 5 and April 3. A voucher will be sent to investors to allow a further purchase at the discount rate. Pep transfers before April 3 will also get the 3 per cent discount.

  • Abbey Nat makes self-cert debut

    8 Jul 1998

    Abbey National is moving into the self-certification market for self-employed borrowers for the first time.

  • Abbey offers free shortfall software

    8 Jul 1998

    Abbey Life is offering IFAs free computer software to calculate how much their client's pension provision falls short of expectations.

  • Aberdeen looks to expand income trust

    8 Jul 1998

    Aberdeen Asset Managers aims to double the size of its Abtrust New Preferred Income investment trust to £137m by raising £64m with a new share offer. Money will be raised for the split-capital investment trust by placing an £11m tranche of Abtrust NewPref RPI-linked debenture stock at 108p a unit share and a three-for-two open share offer at 145p. The trust is also expected to increase bank borrowing by about £10m.

  • ABI scotches rumour of adequacy being axed

    8 Jul 1998

    The ABI has squashed recent speculation that the capital-adequacy requirements for UK financial companies might be scrapped under a new European directive. European manager Jennie Frost says the £10,000 minimum reserve will stay for the foreseeable future.

  • ABN Amro UK fund is focus of IFA push

    8 Jul 1998

    ABN Amro Asset Management begins its push into the retail market in earnest this week with a mail and phone campaign targeting IFAs.

  • Actuaries to probe income-drawdown market

    9 Jul 1998

    The Institute and Faculty of Actuaries is to follow the PIA and IFA Association with its own review of the income-drawdown market in the new year.

  • Advance of withdrawal plans

    9 Jul 1998

    These are not good times for income-seekers. The gross yield on the FTSE All-Share index is under 3 per cent compared with 4 per cent at the start of 1995 and nearly 5.5 per cent at the beginning of 1991.

  • Aegon toast to the future

    8 Jul 1998

    Aegon chairman of the executive board Kees Storm is noted for being a frank speaker. But even Storm is cagey over acquisitions. As Europe's insurers scramble to seal deals and analysts predict just five major players will emerge over the next few year, Aegon has been tipped as a predator.

  • Afloat on the cashflow

    9 Jul 1998

    This week, I continue my consideration of the payment of corporation tax in advance under the system of self-assessment for companies, as is the case under pay and file.

  • Annual charges rise at Baring

    9 Jul 1998

    Baring Asset Management is increasing annual management charges on 10 of its 14 unit trusts from April 1.

  • Axa Sun Life plans major ad push to back new identity

    9 Jul 1998

    Axa Sun Life is planning a multi-million-pound marketing and advertising push in the new year to promote the Axa brand name.

  • Axa Sun Life set to enter ethical funds' market

    8 Jul 1998

    Axa Sun Life is to join the increasing number of life offices in the ethical market with the launch of its first fund in April.

  • Barclays no-load Pep offer

    8 Jul 1998

    Barclays Global Investors is looking to help IFAs kickstart Pep sales for the new tax year with a no-load Pep offer.

  • Barclays plan targets older homeowners

    8 Jul 1998

    Barclays Mortgages is launching a Shared Appreciation Mortgage as part of a range of products for older homeowners. SAM products allow borrowers to exchange appreciation in the value of their home for a zero interest loan.

  • Berry Birch profits slump as Moores Marr takeover fails

    9 Jul 1998

    A failed attempt to buy rival IFA firm Moores Marr Bradley contributed to sharply reduced six-month profits at Berry Birch & Noble.

  • Biggest US life insurer set for $25bn demutualisation

    9 Jul 1998

    The biggest US life insurer, Prudential Insurance of America, is to demutualise

  • Boom in wine prices

    8 Jul 1998

    The stockmarket has been on one of the strongest bull runs in history before the recent turbulence but there is one investment that has made its spectacular gains look pedestrian - fine wine.

  • Bottom line takes bottom priority

    8 Jul 1998

    Hadyn Green of the Pep Shop says: "Show me one IFA who is prepared to arrange face-to-face meetings to discuss Peps" (Money Marketing, December 18). Certainly - me!

  • Bradford & Bingley's chief joins FSA board

    9 Jul 1998

    Bradford & Bingley chief executive Christopher Rodrigues has been appointed to the board of the Financial Services Authority.

  • Brief

    9 Jul 1998

    Following on from last week's controversial Correspondent's Week article by Money Marketing's hirsute hack Simon English, the Diary is pleased to inform readers that they can indeed find a haircut in Soho for less than £25.

  • Brief

    9 Jul 1998

    Royal London's £130m European growth fund is sixth out of 1,495 unit trusts over the last year with growth of 31.5 per cent.

  • Brief

    8 Jul 1998

    Much merriment at the Scottish Life/Scottish Life International annual Christmas bash on December 3. But the Diary hears that the real fun, or perhaps that should be embarrassment, occurred later.

  • Brief

    8 Jul 1998

    IFAs are Luddites and do not use the internet. Rubbish, it would seem.

  • Briefs

    8 Jul 1998

    Would you support a product levy to partly fund the Investors' Compensation Scheme?

  • Briefs

    9 Jul 1998

    "You cannot expect a Government to come in and after six months get everything wrong." - Labour housing minister Hilary Armstrong failing to get the Mandelson PR spin quite right.

  • Briefs

    9 Jul 1998

    Do you think life offices should help financially bail out IFAs struggling with the pension review?

  • Briefs

    9 Jul 1998

    "Sexy poses in the boardroom? I'm game." - Abbey National's Basil Larkins on playing up to the camera for Money Marketing.

  • Britannia defends its withdrawal from IFA market

    8 Jul 1998

    Britannia Life has defended its decision to pull out of the IFA market despite new research which shows that its broker consultants were highly regarded by IFAs.

  • Britannia Life aims to secure sales team jobs

    9 Jul 1998

    Britannia Life staff are in talks with two life offices with a view to securing the jobs of its broker sales team of 132. Regional managers, who are in charge of negotiations, hope to be close to a deal by March. Other life offices, including Colonial, are still interested in taking on selected staff.

  • Broker fined £10,000 after monitoring visit

    8 Jul 1998

    The PIA has fined a Kent broker £10,000 after "serious concerns" were identified in a monitoring visit. It says Julian Harris Financial Consultants of Musgrove, Ashford, failed to seek relevant information about the circumstances and investment objectives of its clients and failed to organise and control its internal affairs in a responsible manner.

  • Bureau offers instant websites for brokers

    9 Jul 1998

    Marketing firm The Bureau is aiming to get IFAs wired with a range of ready-made internet websites for brokers.

  • Candidates announced for Sofa election

    9 Jul 1998

    IFAs Gary Jefferies and Maureen McKenna are standing for election to the board of the Society of Financial Advisers.

  • Capital idea to restore pensions

    9 Jul 1998

    At least one obstacle to pension provision for shareholding directors was removed by Chancellor Gordon Brown's 1998 Budget.

  • CGT changes just the business for company owners

    9 Jul 1998

    Apart from the Welfare to Work proposals, the most significant structural reform in the Budget was that proposed for capital gains tax.

  • Chief executive quits Preferred Mortgages

    9 Jul 1998

    Preferred Mortgages chief executive David Cameron-Moore has quit to consider other opportunities within the financial services sector. IMCC International president Dennis Pitocco, who is a board director at Preferred, takes over until a replacement is found.

  • Church outperforms pension funds

    9 Jul 1998

    The Church of England leapt ahead of average UK pension fund performance in 1997 as returns on investment soared to nearly 20 per cent.

  • CII offers extra sittings for G60 paper

    8 Jul 1998

    The Chartered Insurance Institute is to provide two additional sittings for people taking the G60 pensions paper of the Advanced FPC. The extra sittings will be held on July 17, 1998, and January 22, 1999 in addition to the scheduled sessions on April 22 and October 21, 1998. From March 31, 1999, the PIA will demand that all IFAs doing pension transfer and opt-out business must have G60 or another approved qualification.

  • CIS financial-strength figures

    9 Jul 1998

    In last week's Financial Strength Survey, the reduction-in-yield figures in table E for CIS related to industrial business instead of ordinary business. Correct ordinary business values are 2.6 for 10-year endowments and 1.2 for 25-year endowments. Personal pension values are 2.5 for 10 years and 1.2 for 25 years.

  • Clarification on UK presence for offshore firms

    9 Jul 1998

    The Finance Bill, published last week, has clarified the Budget announcement that offshore life offices will have to have a financial presence in the UK. The Bill indicates that any office which does not offer a representative will be forced to join an agency set up by the Government. The move is part of a tax loophole crackdown which has been blasted by the Association of International Life Offices.

  • Clause and effect

    8 Jul 1998

    I am 22, single and working as a junior accountant in a growing practice where I hope to obtain a partnership.

  • CML and ABI join forces on protection

    9 Jul 1998

    The Council of Mortgage Lenders and the ABI have joined forces to lobby the Government on improving protection for homeowners. Measures being sought include favourable tax treatment of mortgage payment protection insurance. The move underlines an industry shift away from mortgage indemnity guarantees towards a policy of "prevention rather than cure" when insuring mortgage lending.

  • Compensation hike avoided as DSS tarries on rebasing MFR

    9 Jul 1998

    IFAs are to be spared increases in compensation bills for pension misselling because the Department of Social Security has taken too long making a decision on changing the minimum funding requirement.

  • Consultant hired to seek new shareholder for GFH

    8 Jul 1998

    Guinness Flight Hambro has hired DLJ Phoenix to find it a new shareholder just two weeks after the sale of Bank of Yokohama's stake in the company to Investec.

  • Costs and benefits of transfer

    8 Jul 1998

    My employer is in the process of closing down the contracted-out money-purchase scheme of which I am a member. It is being replaced with a group personal pension. It has been suggested that I transfer the fund that I have built up into the new scheme. I have been in the old scheme since January 1988. Please advise as to the options.

  • Countrywide in trouble again as figures conflict

    8 Jul 1998

    Countrywide is set to incur the renewed wrath of the PIA for failing to provide accurate pension review figures.

  • Credit Suisse boosting Pep commission to 5%

    9 Jul 1998

    Credit Suisse Asset Management Funds is boosting initial commission on its Pep range to 5 per cent in a major attack on the market.

  • Credit Suisse discount on Pep lump sums

    8 Jul 1998

    Credit Suisse Asset Management Funds is offering a 2 per cent discount on lump-sum Peps until April 3. The normal initial charge on Credit Suisse funds is 5.25 per cent. Initial commission is 3 per cent and renewal is 0.5 per cent.

  • Credit-impaired loans from Verso

    9 Jul 1998

    Verso is rolling out two mortgages targeted at borrowers with poor credit ratings as part of its drive into the IFA market.

  • Critical decisions to be made over income drawdown

    9 Jul 1998

    Some pension experts are warning of yet another glitch in income drawdown.

  • CU business boosted by strong single premiums

    8 Jul 1998

    Commercial Union's life and pension profits rose by 10 per cent for the first nine months of 1997 to £196m from £178m in the same period last year.

  • Currie hedges Japan funds

    9 Jul 1998

    Martin Currie is hedging its exposure to Japanese investments because of fears of further deterioration in the Asian economies.

  • Customers benefit from our cover

    9 Jul 1998

    The views expressed in A Consumer's View (Money Marketing, February 26) certainly struck a chord with us here at Market Harborough.

  • DAWN JOHNSON

    9 Jul 1998

    Dawn Johnson's earliest memory is her first day at school.

  • Denham decision puts the pressure on trustees

    9 Jul 1998

    In the brave new world of stakeholder pensions, as the Government has made clear, the need for expensive financial advice will be eliminated. It is ironic, then, that recent Government decisions on pensions have redoubled the need for advice.

  • Derby kicks off with Bank of Scotland loans

    9 Jul 1998

    Derby County Football Club is aiming to score in financial services with the launch of a range of new products.

  • DSS misses point on stakeholder pensions

    8 Jul 1998

    The 64 questions in the recent DSS consultation document on stakeholder pensions range from the general to the very detailed.

  • Eagle compensates broker

    8 Jul 1998

    Eagle Star has paid £1,500 in compensation to a Sussex-based IFA over an approach to a client by its now defunct direct salesforce.

  • Edinburgh merges growth funds

    8 Jul 1998

    Edinburgh Fund Managers is merging its UK income & growth fund with its growth & income fund. The £65m fund will be called the Edinburgh UK growth fund.

  • EIS boosted by increase to £150,000 annual limit

    9 Jul 1998

    The Enterprise Investment Scheme and capital gains tax reinvestment relief are to be rationalised to create a unified scheme.

  • Emerging market specialist quits GT

    8 Jul 1998

    GT Global's head of emerging-market debt portfolios Michael Mabbutt is quitting to set up his own business.

  • EPP sales boom as de minimis is scrapped

    8 Jul 1998

    Fleming Investment Trust Management is recommending to the directors of its trusts that they should start share buybacks immediately in a bid to cut discounts.

  • Equitable initial pension charges cut by 0.5%

    8 Jul 1998

    Equitable Life has slashed initial charges by up to 0.5 per cent on its group personal pensions, group money-purchase schemes and top-up plans. The move follows a cut in Equitable's expense ratio for 1997. It means that GPP charges start at 3 per cent on annual contributions up to £50,000. AVC charges start at 2 per cent for annual contributions up to £150,000.

  • Equity offer sparks fears of fee war

    8 Jul 1998

    Equity Management Services has sparked fears among lenders of a fee battle in the sub-prime mortgage market after offering brokers £1,000 for every loan completed.

  • Error forces EGM for the Witan trust

    9 Jul 1998

    Henderson Investors is facing a bill of about £10,000 after making an error in the 1997 annual report of the £1.3bn Witan Investment Company.

  • Ethical trusts outperform mainstream funds

    9 Jul 1998

    UK ethical and ecological funds showed an average growth of 8.1 per cent during 1997.

  • Exam hiop offered on internet

    8 Jul 1998

    An internet discussion group has been set up for advisers studying for the Financial Planning Certificate and Advan- ced FPC.

  • Executive stress

    9 Jul 1998

    I am a 60-year-old director of a company. My executive pension plan has just matured. I noticed a performance comparison in the financial press where my insurance company shows what returns it would have given on a policy similar to mine. The returns it quotes are much more than I got. In fact, I paid in more and got less. What is going on?

  • Exeter cuts Pep initial charges

    8 Jul 1998

    Exeter Fund Managers is offering a 1.5 per cent discount on the initial charges for its two Pep portfolio funds. The initial charge has been cut to 3.5 per cent from 5 per cent for the Chameleon Income Portfolio and the Chameleon growth fund until May 29. An annual charge of between 1.25 and 1.5 per cent is applicable for both funds and IFAs can expect an initial commission rate of 3 per cent and renewal commission rate of 0.5 per cent.

  • Fidelity Brokerage shuts deal desk

    9 Jul 1998

    Fidelity Brokerage Services is closing down its institutional dealing desk following a strategic business review of its operations. The review was conducted by Giles Vardey who will step down as chief executive on January 15 next year although he will continue to work as a consultant to the company.

  • Fidelity closes international bond fund

    8 Jul 1998

    Fidelity Investments is closing its £95.6m international bond fund to new retail investment and converting it into a sub-fund of the company's Oeic. Fidelity says interest in the fund from the retail sector has dropped but existing retail investors will be able to remain in the fund. The annual charge will decrease from 1 per cent to 0.5 per cent.

  • Fidelity merges income funds

    9 Jul 1998

    Fidelity Investments is merging its £23m Strategic income fund with its high-income fund to create a £221m unit trust. The Strategic fund has an 80-20 mix of bonds to equities but has not attracted a lot of investor demand in the low-inflation environment. The merged fund will have a 50-50 balance.

  • Finger on the heir trigger

    9 Jul 1998

    Chancellor Gordon Brown surprised the tax planning industry when his first post-election Budget in July failed to tighten up on inheritance tax avoidance. But tucked away in the details was a promise to publish a consultation document on tax reform before the next Budget.

  • Forum is pressing for flexible retirement

    9 Jul 1998

    The Government is coming under fierce pressure to introduce rules which allow more flexible retirement packages.

  • Framlington offers Select Trust Pep

    9 Jul 1998

    Framlington is launching the Select Investment Trust Pep which can invest in up to seven funds managed by other companies.

  • Fry steps down as chief executive

    9 Jul 1998

    Johnson Fry founder Charles Fry is standing down as chief executive on December 31. Fry will continue to serve on the board and will work part-time at the company in sales and marketing. Rebecca Thomas, who was appointed managing director in September, will take over operational responsibility.

  • FSA appoints key staff

    9 Jul 1998

    The Financial Services Authority has appointed 10 of the 14 staff who will report directly to its three managing directors. Each director will take up responsibilities once the FSA becomes operational in spring next year. Just one of the 10 is from the PIA.

  • FSA to act on 2000 bug

    9 Jul 1998

    The Financial Services Authority could stop IFAs and life offices from trading if they do not make computer systems Year 2000 compliant.

  • FSA warning on Year 2000 compliancy

    9 Jul 1998

    The Financial Services Authority is putting pressure on financial firms to ensure their computers are Year 2000 compliant.

  • Fund of funds duo from Grenfell

    9 Jul 1998

    Morgan Grenfell Asset Management is launching two Peppable funds of funds after taking just £10m with its last retail product.

  • Generali aims plan at Sipps and SSASs

    8 Jul 1998

    Generali is launching a pension plan investing in a range of 10 funds in a bid to boost its SSAS and Sipp business.

  • Get the best from GES

    8 Jul 1998

    Last week, I looked at the risks being run by product providers which fail to make the maximum amount of client information available to IFAs electronically.

  • Gewanter sets up own firm

    9 Jul 1998

    Financial PR Henry Gewanter is setting up his own public relations firm - Positive Profile - after quitting Financial Dynamics after nearly five years at the company.

  • Global growth contenders

    8 Jul 1998

    Johnson Fry is one of the latest companies to launch into the international unit-trust sector of the UK market with its global growth unit trust.

  • Global portfolio meets IFA demand

    9 Jul 1998

    Mercury Fund Managers, the unit-trust arm of Mercury Asset Management, is launching a managed growth fund that will invest directly in global equities.

  • Govt rethinks Pensions Act to cut the red tape

    8 Jul 1998

    The Government is set to overhaul the Pensions Act 1995 just a year after it came into force in a bid to cut red tape for pension schemes and advisers.

  • Govt snub over moves to deter carpetbaggers

    9 Jul 1998

    Building societies were dealt a blow last week after the Government refused to implement all their proposals to deter carpetbaggers.

  • GT backs attempt at round-world flight

    9 Jul 1998

    GT Global is sponsoring a £260,000 bid to fly around the world in 80 days in a Microlight plane - the smallest and lightest aircraft ever to make the attempt.

  • Guinness Flight fund falls short at just £3m

    8 Jul 1998

    Guinness Flight Hambro may be forced to bail out its emerging currency fund after taking just £3m since its launch last December.

  • Harman praises IFAA on review proposals

    8 Jul 1998

    The Government has praised the IFA Association's proposals to the Department of Social Security's pension review. Speaking last week at the City Forum conference on stakeholder pensions, secretary of state for social security Harriet Harman singled out the IFAA's understanding of stakeholder pensions.

  • Hay maker

    8 Jul 1998

    Stockbroker Tilney & Co is taking its first steps into the pension market with the introduction of its self-invested personal pension. Our panel review the Sipp by first commenting on how it fits into the market.

  • Hill Samuel offers low-cost Pep in bid to cut investment trusts' NAV discount

    8 Jul 1998

    Hill Samuel Asset Management is strengthening its investment-trust range with a low-cost Pep which invests in three investment trusts.

  • Horlick takes up Virgin's gauntlet

    9 Jul 1998

    Société Générale Asset Management joint managing director Nicola Horlick has called Virgin Direct's bluff and accepted its challenge to bet £6,000 that she can beat the FTSE All Share index.

  • How to pick a real Pearl of a salesperson

    9 Jul 1998

    Are you a self-confident, mature or even semi-retired business person? Or a working mum with no background in financial services? Then Pearl Assurance could be looking for you to bring your talents to its direct salesforce.

  • I&S relaunches plan for trustees

    8 Jul 1998

    Ivory & Sime is relaunch ing its TrustGuard life insurance policy for professional trustees.

  • Ian McKenna

    9 Jul 1998

  • Ian McKenna

    9 Jul 1998

    I was mildly amused recently when I received an invitation from Global Asset Management to the launch of their new CD-ROM. The invitation proudly announced that the American version of this disk had recently won first prize in the "Business to Business" category at the British Interactive Multimedia association awards. This confused me slightly as by GAMs own admission the products featured on the US disk cannot be sold in the UK.

  • ICS declares four ex-IFAs in default

    8 Jul 1998

    The Investors Compensation Scheme has declared four former IFAs in default, opening the way for clients to lodge formal compensation claims. The firms are Richard K Thompson Associates of Cedars Avenue, Wombourne, Staffordshire; Manbury Personal Financial Advisers of Plaistow Lane, Bromley; Dyer Bussey Associates of Belle grove Road, Welling and W J Shore (Financial & Pensions Management) of Westbury Hill, Westbury-on-Trym, Bristol.

  • IFAA challenges CML on electronic trading

    8 Jul 1998

    The IFA Association is fighting the Council of Mortgage Lenders' plans to set up a single industry-owned electronic trading platform.

  • IFAA threat of another judicial review

    8 Jul 1998

    The IFAA fears that the FSA's proposals will invalidate IFA's professional indemnity insurance. Its main objection is that the proposed actuarial assumptions for assessing losses are based on economic conditions of 1998.

  • IFAA threat of another judicial review

    8 Jul 1998

    blah blah

  • IFAA's drawdown stand should be an example to others

    9 Jul 1998

    The IFA Association is taking a stand on income drawdown. It should be applauded. It is surely right to draw up guidelines to help IFAs to give best advice in this complex area.

  • IFAP to publish guide to the Green Budget

    9 Jul 1998

    IFA Promotion is to encourage people inheriting money to plan their finances to avoid tax.

  • IFAs leading the way on high-net-worth business

    8 Jul 1998

    IFAs are winning the battle to dominate the market for personal financial advice in the high-net-worth sector, according to an NOP survey.

  • Importance of being earned

    9 Jul 1998

    In this final instalment of the Robertson case, I will look at why it was decided that the whole of the commission paid to an insurance adviser was assessable on receipt despite the fact that some clawback might take place.

  • INDEPENDENT VIEW

    9 Jul 1998

    It's that time of year again when we have to assess how the current year has gone and start to plan and budget for the next one.

  • INDEPENDENT VIEW

    9 Jul 1998

    In 1086, the Domesday Book recorded English land holdings. Today, the increasingly widespread use of sophisticated computer-driven databases enables the manipul ation of personal and financial data to identify the financial circumstances, social groupings, interests, tastes and aspirations of individuals around the globe.

  • INDEPENDENT VIEW

    9 Jul 1998

    Money Marketing's recent Financial Strength Survey revealed the operating costs and assets of insurance companies during 1996. Some of the most interesting figures were those relating to the cost of acquiring new business.

  • INDEPENDENT VIEW

    8 Jul 1998

    This year, more than ever, seems to have passed by in a blur and there is the normal mad scramble in the run-up to Christmas.

  • Individuals in firing line as regulators get tough

    8 Jul 1998

    The cost could be £6.65bn, it will take until the new millennium to get it finished and some firms are bound to go to the wall as a result.

  • Investment Analysis

    9 Jul 1998

    The stockmarket corrections have reversed gains made in October but our view of economic fundamentals remains unchanged. Indeed, the slowdown in the Far East enhances the steady growth/low-inflation case for the West.

  • INVESTMENT ANALYSIS

    9 Jul 1998

    The international financial services sector came under close scrutiny, culminating in the announcement of the mer- ger between Swiss Bank Corporation and Union Bank of Switzerland.

  • investment view

    9 Jul 1998

    So Christmas is with us again. Resisting the temptation to cry: "Bah, humbug!", I have busy been compiling my list of the sort of presents I would like Santa to deliver to this particular member of the financial services community. You know the sort of thing. Stockmarkets 20 per cent higher. Immediate retirement for all compliance officers and regulators. Carol Galley's bonus. A week free of Asian scare stories.

  • investment view

    9 Jul 1998

    A few dozen of the great and the good from the market town near where I have made my home gathered to hear me reflect upon a career in the investment world the other week. The title - Thirty-five Years in the Square Mile. You heard it, 35 years. It makes me feel tired just thinking about it.

  • Investment View

    9 Jul 1998

    You cannot turn your back for an instant. there I was, taking a few days well earned rest away from the cold and damp of a British spring, when markets suddenly developed an attack of the jitters. Interest rate worries were the reason. Not here - in the US. And, of course, everyone worked on the assumption that if America sneezes, the rest of us catch pneumonia.

  • ISAs are rapidly turning into an expensive fiasco

    8 Jul 1998

    Is the Individual Savings Account in danger of becoming a fiasco for the Government? The chances seem to be increasing.

  • It's all grow for ྞ

    9 Jul 1998

    1998 is set to be a record year for life and pension companies but the hectic pace of growth seen in 1997 is going to slow, according to a Money Marketing survey of the biggest companies operating in the IFA market.

  • JIM GILCHRIST

    8 Jul 1998

    Jim Gilchrist is famous for his red Bentley. Two years ago, he got his hands on the "gentleman's drive".

  • JULIAN GIBBS

    8 Jul 1998

    One of my favourite investment groups is international bond and equity specialist Guinness Flight Hambro. It has a good record of launching funds at the right time.

  • Kensington Mortgage switches to Lansons in bid to change image

    8 Jul 1998

    Non-status lender Kensington Mortgage Company has dropped its PR agency Citigate and picked Lansons in a bid to revamp its image.

  • Key features need reviewing

    9 Jul 1998

    I read about the three-year review of the impact of disclosure (Money Marketing, January 29) and learnt nothing new. I don't find that commission is begrudged me by a customer.

  • Lazard fund targeted at smaller charities

    8 Jul 1998

    Lazard Asset Management is launching the Diversified Charity Fund, a balanced common investment fund which aims to provide the same opportunities to smaller charities as is available for bigger balanced portfolios. Minimum initial investment is £5,000 and minimum subsequent investment is £1,000. Initial charge is 1 per cent and annual charge is 0.8 per cent.

  • Levitt set to sue over extradition attempt

    9 Jul 1998

    Disgraced financier Roger Levitt could make millions out of the British Government over the DTI's botched attempt to extradite him from the US. A judicial review on Friday will consider the rationality and legality of the DTI's extradition request which was withdrawn last week. If the review is successful, lawyers acting for Levitt are set to sue the DTI for damages and exemplary damages.

  • LibDems say ISAs will save Treasury billions

    9 Jul 1998

    The Government is under increasing pressure to raise or scrap the £50,000 limit on the Individual Savings Account.

  • Liberty has £2.5bn for acquisitions

    8 Jul 1998

    South African life office Liberty Life has amassed a £2.5bn war chest to spend on acquisitions.

  • Liberty takes over the rest of Portfolio

    9 Jul 1998

    Liberty International Holdings is buying the rest of the shares of Portfolio Fund Management and injecting £5m to expand the business. It is buying the remaining 30 per cent after taking a 70 per cent stake in January last year. Liberty says Portfolio's funds under management have grown more than fourfold from £20m to £90m since it took its stake.

  • Liddell backs review aid for small brokers

    8 Jul 1998

    Treasury economic secretary Helen Liddell has backed ABI plans to provide loans and practical help for small IFAs to complete the pension review.

  • Liddell warns of review fines for small firms

    9 Jul 1998

    Treasury economic secretary Helen Liddell is warning smaller firms conducting the pension review that they could be fined for missing deadlines.

  • Life offices predicting lower growth in 1998

    9 Jul 1998

    Life offices are predicting a slowdown in new business in 1998 compared with the boom in the last two years.

  • Life sales could be hit in long-term CGT shift

    8 Jul 1998

    Sales of life insurance policies could be crippled following the Budget's revamp of the capital gains tax regime which now favours unit trusts.

  • Loss on gains

    9 Jul 1998

    Continuing my theme of last week in looking at likely tax anti-avoidance measures by the Government, the introduction of a general anti-avoidance rule together with clear- ance procedures may well impact heavily on many financial services product providers looking to develop and innovate new products and product packages.

  • Ludgate heading Killik PR push

    8 Jul 1998

    Killik & Co stockbrokers has appointed PR firm Ludgate to handle a PR push. Ludgate will look to get press coverage for the stockbroker with a six-figure fee for the first year of the account.

  • Marketwatch

    8 Jul 1998

    Shares in Northern Rock fell back 5p to 558.5p on Tuesday after its shares surged by 14p to 564p on Monday after reports that the former building society is in takeover talks with Lloyds TSB.

  • Marketwatch

    8 Jul 1998

    Shares in Sedgwick Group rose by 5p to 146p as the firm posted a 6 per cent increase in pre-tax profits for 1997. Pre-tax profits grew to £101.2m from £95.5m in 1996 but the strength of sterling hit the figures by £10.2m.

  • Merry Christmas and a Happy New Year

    8 Jul 1998

    Money Marketing will not be published for the next two weeks. We will be back with our next issue published on January 8, 1998. In the meantime, we would like to wish all our readers a Merry Christmas and a prosperous new year.

  • Midas touch on GPP admin

    8 Jul 1998

    Commercial Union is offering IFAs a group personal pension admin system accessed via the internet.

  • MMB set to expand ahead of flotation

    9 Jul 1998

    IFA Moores Marr Bradley is aiming to expand by 20 per cent a year in a bid to gain a stockmarket listing in the next three to five years.

  • Model route to better T&C

    9 Jul 1998

    An industry that nurtures active debate over its important issues must surely be a healthy one. Measured by that yardstick, our own industry is showing pleasingly robust signs of life.

  • More women are needed in the IFA industry, says PIA

    9 Jul 1998

    Too much testosterone in the workplace could be bad for IFA business.

  • Morgan Grenfell denies investment revamp

    9 Jul 1998

    Morgan Grenfell Investment Funds is scotching rumours that parent company Deutsche Bank is to restructure its investment banking businesses. Speculators have suggested that the bank may ditch the Morgan Grenfell name.

  • Mortgage Trust pays renewal on flexible loans

    9 Jul 1998

    Mortgage Trust is paying out its first renewal commissions to brokers which last year completed over £1m of business on its two flexible mortgage products, the Early Payment Plus and the Current Account Mortgage. Brokers have to be members of Mortgage Trust's Millionaires Club, which supports IFAs which sell mortgages in volume. They will get 0.1 per cent of the mortgage business completed.

  • Mortgages Test No.1

    8 Jul 1998

    Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1Mortgages Test No 1

  • NCC attacks FSA over recruitment methods

    8 Jul 1998

    The National Consumer Council has blasted the Government for its recruitment methods to the new Financial Services Authority.

  • Neville James was first with Tep Oeic

    8 Jul 1998

    Regarding the article headed, Beale Dobie Oeic is first to invest in Teps, I should inform you that Neville James Fund Managers became fund manager to the first Tep-based open-ended investment company (Oeic) in 1996.

  • Newsline

    8 Jul 1998

    Newsline reported the humiliating public dressing down given to Prudential by the Financial Services Authority over failings in its management and direct salesforce. Press *News# for the latest industry news.

  • Newsline spotlights ICS defaults

    9 Jul 1998

    Newsline covered Perpetual results as well as the Investors Compensation Scheme declaring nine former IFA firms to be in default. Press *News# for the latest industry news.

  • No gain without pain for Japanese market

    8 Jul 1998

    As the Japanese government launches another rescue package to help revive its ailing economy, UK managers of Japanese funds remain sceptical that there will be an upturn in the market in the short term.

  • Not many happy returns

    8 Jul 1998

    Pension fund managers may now be enjoying their annual bonuses but performance estimates from the WM Company call into question how deserved they are.

  • NPI claims the lowest pension fee

    9 Jul 1998

    NPI is rolling out a regu lar-premium pension policy which it claims has the lowest annual management charge in the market at 0.15 per cent.

  • NU spends £150K on LTC push

    9 Jul 1998

    Norwich Union is launching a £150,000 marketing campaign to help IFAs sell its new long-term care product.

  • Old Mutual pays £70m to take over CCM

    9 Jul 1998

    Old Mutual is to buy private-client stockbroker Capel-Cure Myers in a deal believed to be worth £70m.

  • Over half public back compulsory pension scheme

    8 Jul 1998

    More than half the UK population believe they should be made to save for their retirement, according to a survey for Standard Life.

  • Paragon offering fixed rates on the web

    8 Jul 1998

    Homebuyers with access to the internet will be able to take advantage of a special fixed-rate mortgage being offered by Paragon Mortgages on its website.

  • Part-timers progress on long march to Europe

    8 Jul 1998

    Part-time workers have a hard life. Many of them are low-paid. Many are women. Many are excluded from occupational pension schemes.

  • Passbook to retirement income?

    9 Jul 1998

    Commentators looking for ideas on how to improve or reconstruct UK pensions have often gone abroad to see what overseas models have to offer. Singapore, Australia, Chile and the US all have very different pension systems, parts of which could be used in the UK.

  • PDFM plans new life office with ScotLife admin

    8 Jul 1998

    Giant fund manager PDFM is to set up a new life company, with Scottish Life providing the back-office support.

  • Pension rights

    8 Jul 1998

    Why should people who have sacrificed to save for a comfortable retirement be penalised by having their basic state pension reduced or removed as suggested by Lorna Bourke (Money Marketing, December 18)?

  • Pensions hit by anti-avoidance moves

    8 Jul 1998

    Tax avoidance by pension schemes is to be caught in the Government's anti-avoidance net. The Chancellor is concerned that schemes are avoiding tax when they cease to be approved. The changes will hit small self-administered schemes, self-invested personal pensions and occupational schemes.

  • PERSPECTIVE

    8 Jul 1998

    A medium-sized life office, NPI has found it impossible to shake off rumours that it is about to demutualise at a time when life offices with similar problems, such as Scottish Amicable, are being taken over.

  • Phil to check editorial

    8 Jul 1998

  • PIA expels Essex broker

    9 Jul 1998

    The PIA has expelled an Essex broker for a number of compliance failures revealed after a monitoring visit. The PIA says Ingatestone Mortgage Shop of High Street, Ingatestone failed to organise and control its internal affairs and did not keep proper records.

  • PIA may be set to probe ads for Manek fund

    8 Jul 1998

    The PIA is believed to be considering an investigation into Manek Investments, the company set up by Sunday Times fantasy fund management winner Jayesh Manek.

  • PIA taking a relaxed view over drawdown

    8 Jul 1998

    Income drawdown will not become a permitted activity but training and competence requirements are set to be tightened by the PIA.

  • PIAOB will not pursue Burns case

    9 Jul 1998

    Burns Anderson breathed a sigh of relief this week as the PIA Ombudsman Bureau ruled it will not investigate a £5m compensation claim against the network.

  • Pick and choose a Select Pep

    8 Jul 1998

    Framlington's Select investment-trust Pep aims to provide investors with a wider investment choice by offering a selection of internal and externally managed trusts.

  • Plan for all seasons

    8 Jul 1998

    Morgan Grenfell has unveiled its All-Weather Equity Fund to the unit-trust market in the hope of attracting investors who want access to the stockmarket while offering a cushion against volatility.

  • Play a part in building the new regime

    8 Jul 1998

    Looking back over the past year, it is difficult to decide whether 1997 was the calm before the storm or the glim mer of a new dawn for reg ulation.

  • Portfolio widens scope of best-buy panels

    8 Jul 1998

    IFA Portfolio is expanding its best advice service to include small self-administered schemes and self-invested personal pensions. The voluntary best-buy panels are available to all IFAs who buy into Portfolio's best advice service.

  • Portfolio's claim sparks row with networks

    9 Jul 1998

    IFA Portfolio is claiming that its members are writing more business than the top 11 networks combined, provoking a furious response from the networks.

  • Power to the practitioner

    8 Jul 1998

    Predictions of doom shortly after the introduction of polarisation have proved unfounded. IFAs are getting fewer but bigger and are becoming an increasingly important sales channel for product providers. What lies in store over the next five years?

  • Property fund axed by ScotEq

    9 Jul 1998

    Scottish Equitable has ditched its £10m property fund and invested its clients in Norwich Union's Property unit trust.

  • Pru application for PIA gets go-ahead

    8 Jul 1998

    Prudential's application to join the PIA has gone through after it announced its intention to join in December last year. It can now be fined for compliance breaches, a power not open to its previous regulator SIB.

  • Pru plans clawback crackdown on lapses

    8 Jul 1998

    Prudential is cracking down on salesmen with poor persistency rates by clawing back commission on policies that lapse in the first two years.

  • Pru venture capital arm touted as Cunard buyer

    9 Jul 1998

    Prudential's venture capital arm PPM Ventures is staying tightlipped over reports that it is negotiating to buy the cruise liner company Cunard.

  • Purple haze

    9 Jul 1998

    Concerning the article, Cover versions prove a hit with rock stars (Money Marketing, February 26), I should point out that not only was Jimi Hendrix not "dependent" on drugs but that he did not die as a result of a drug overdose. Like many in the 1960s, Hendrix dabbled in drugs but only on the basis of experimentalism and "fun" - never as an addict. His death was found to be the result of the inhalation of vomit, almost certainly while he was asleep.

  • Rechabite rewards abstinence from the demon drink

    8 Jul 1998

    An army of teetotallers is set to benefit from a cheap sickness benefits scheme thanks to those scourges of the demon drink at the Rechabite Friendly Society.

  • Regions in bid to stop Portfolio

    9 Jul 1998

    The IFA Association's London and Southern region committees are seeking to stall IFA Portfolio's pseudo network Anglo Caledonian.

  • Registration could lead to fines for retiring IFAs

    8 Jul 1998

    Retiring IFAs could be bankrupted by fines up to 30 months after they leave the industry following the introduction of individual registration rules.

  • Reversionary cuts seen as end of bonus war

    9 Jul 1998

    Life offices have stunned IFAs by slashing with-profits reversionary bonus rates despite last year's rocketing stockmarket.

  • Royal & Sun unit trusts to start merger

    8 Jul 1998

    Royal & Sun Alliance Unit Trust Management is set to start merging its range of 17 unit trusts from this April.

  • Russell to head UK equities at HSBC

    9 Jul 1998

    Lazard head of UK equities Tim Russell is quitting to join HSBC Asset Management after being headhunted as a replacement for the retiring John Knight.

  • Sad saga of the bungled review

    9 Jul 1998

    Yet again, I hear the stamping hooves of another hobby horse getting set to leave the stable. I am sick and tired of the "pensions misselling scandal".

  • Schroder Peps aim to make decisions simpler

    9 Jul 1998

    After a disappointing 1997/98 Pep season, Schroder is launching three new Peps for the current tax year designed to simplify the decision-making choice for investors.

  • Schwab trading system threatens discounters

    9 Jul 1998

    Small discount brokers are facing a threat to their future business following the launch of the first touchtone trading system by Charles Schwab Europe.

  • Scientists slam ABI genetic code

    9 Jul 1998

    The ABI's genetic code of practice has come under public attack from leading scientists.

  • Scot Mutual funds set to top £10bn

    9 Jul 1998

    Scottish Mutual is set to break through the £10bn funds under management barrier for the first time. Scottish Mutual Portfolio Managers recorded funds under management of £9.94bn at the end of the third quarter. When Abbey National bought Scottish Mutual in 1991, funds were £2.3bn.

  • ScotEq achieves S&P AAA rating

    8 Jul 1998

    Standard & Poor's has confirmed a triple-A rating for Scottish Equitable. This covers local currency counterparty credit and claims' paying ability. The credit-ratings agency commended ScotEq for having a strong level of capitalisation and business position, excellent expense management and good financial flexibility. It says ScotEq has a conservative investment strategy and believes the life office needs to improve its customer-servicing track record.

  • ScotEq extends its range

    8 Jul 1998

    Scottish Equitable is extending its pension range with four new funds.

  • ScotEq extends its range

    8 Jul 1998

    Scottish Equitable is extending its pension range with four new funds.

  • ScotEq surrender values revamped

    8 Jul 1998

    Scottish Equitable is bowing to market pressure by revamping its pension products in a bid to make its early surrender values more attractive.

  • ScotLife offers mortgage aid

    9 Jul 1998

    Scottish Life is introducing a mortgage checklist aid for independent advisers to ensure that borrowers have all the necessary details for their applications.

  • ScotLife will close Talisman loophole>

    9 Jul 1998

    Scottish Life is set to close a commission loophole on its Talisman personal pension plan which allows wily IFAs to take full commission and boost clients' funds.

  • ScotProv adding CJD to dread contract

    9 Jul 1998

    The human form of mad cow disease is being included under Scottish Provident's critical-illness contract because of clients' fears.

  • Scottish Mutual has restored faith

    8 Jul 1998

    As an alternative to the general carping and complaints directed at the insurance industry, may I, by way of a change, congratulate and compliment Scottish Mutual for a recent experience which underlines what I was taught when I first started in sales 40 years ago, which is that justified complaints should be welcomed as they can lead to further sales.

  • Scottish Provident with-profits payouts

    9 Jul 1998

    A table in a feature in the issue of March 5, 1998 incorrectly stated Scottish Provident's with-profits endowment payout figures. The 1997 and 1998 payout figures for 10- and 25-year policies were accidentally switched, giving the wrong impression that payouts had fallen.

  • Shame on Liddell

    9 Jul 1998

    It must be gratifying for Helen Liddell to embark on a campaign of naming and shaming practitioners (both big and small) in the financial services industry.

  • Solicitors are law unto themselves

    8 Jul 1998

    Isn't it amazing that other professions feel free to deprecate our advice but are strangely quiet about their own standards?

  • Split trust for the sophisticated

    8 Jul 1998

    Gartmore's Second Scottish National Trust is designed as a split-capital investment trust, offering income and the prospect of capital growth over a term of seven years.

  • Standard & Poor's Micropal Top 10s

    8 Jul 1998

    City of Oxford Warrants is fifth out of 522 investment trusts with growth of 200 per cent in the year to December 5.

  • Standard aims to undercut ethical unit-trust charges

    9 Jul 1998

    Standard Life Fund Management is launching a UK ethical fund, claiming its charges will undercut rival unit trusts.

  • Standard Life banks on video in drive to IFAs

    8 Jul 1998

    Standard Life is posting 20,000 videos hosted by BBC news anchorman John Humphrys to IFAs as part of a publicity drive for its new banking facility.

  • Standard lifts new business by 30%

    9 Jul 1998

    Standard Life has boosted new life and pension business by almost 30 per cent in the last year.

  • Standard ponders investment arm

    8 Jul 1998

    Standard Life is considering creating an independent investment arm. Group managing director Scott Bell says the life office will decide in the next six months whether to launch the new fund management subsidiary.

  • Standard to pay commission on deposit account

    9 Jul 1998

    Standard Life Bank is to offer the first deposit account paying commission to IFAs.

  • Strang quits Countrywide for Limra

    8 Jul 1998

    Former Countrywide head of research George Strang has left the 800-member network to take up a position with the Life Insurance Market Research Association. Strang, 48, has been appointed as Limra's director of research.

  • Sun Life Global

    9 Jul 1998

    In the Money Marketing Offshore Investments Survey published last week, Sun Life Global Management was incorrectly referred to as Sun Life International. It manages the Sun Life Global Portfolio Distribution Portfolio.

  • Sun Life profits soar by 115%

    9 Jul 1998

    Sun Life boosted profits last year by 115 per cent to £289.9m from £134.87m in 1996. The figures include profits from Axa Equity & Law following the two companies' £690m merger last July. Sun Life expects cost savings following the merger to increase to about £40m a year from the original estimate of £25m.

  • Term rates slashed in Colonial's push to IFAs

    9 Jul 1998

    Colonial Mutual is planning a major push into the IFA market by slashing rates on its term insurance products and launching them to IFAs.

  • Testing time

    8 Jul 1998

    1. The Green Budget presented on November 25, 1997 contained proposals for reform of which of the following taxes?

  • The Asian ripple rolls on to Latin America

    8 Jul 1998

    While all eyes were focused on Asian stockmarkets, the fact that Latin America has had its own bungee-jumping markets went largely unnoticed.

  • The differential price of survival

    9 Jul 1998

    Consultant Bacon and Woodrow claimed in a recent report that one of the key issues for insurers in the survival game is to ensure that acquisition costs are competitive against their bancassurance rivals.

  • The sands of time

    8 Jul 1998

    The Financial Services Authority is launching a public information film this week to raise awareness of the pension review. The film, which features an ostrich, urges people to respond to letters from life offices about the review and to find out if they are affected.

  • Travelling lighter with new mobiles

    8 Jul 1998

    Mobile computing is getting smaller and smaller. Some of the new notebook PCs being launched by Gateway 2000 and Dell are almost as powerful as many desktop machines.

  • Treasury takes it to the limit as clamour grows

    9 Jul 1998

    More flesh on the bones of Individual Savings Accounts could be revealed to us in a month or less. But the concept does not seem to have been sold well to the public, who have given it a big thumbs down.

  • US stockbroker to set up 400 IFA branches in UK

    8 Jul 1998

    Giant US stockbroker Edward D Jones is planning a massive launch into the IFA market in a bid to become a top 10 broker in the next five years.

  • US stockbroker to set up 400 IFA branches in UK

    9 Jul 1998

    Company directors and IFAs found guilty of dragging their heals over the pension misselling review will be kicked out of the industry under tough new Treasury plans.

  • Virgin ad makes an empty claim

    9 Jul 1998

    IFA Towry Law has accused Virgin Direct of misleading investors with its latest ad cam- paign for its Growth Pep.

  • Warning of admin chaos over pension split plans

    9 Jul 1998

    IFAs could have just four months to arrange splitting a client's pension after divorce under the Government's pension-sharing proposals.

  • Who deserves to be bailed out in misselling crisis?

    8 Jul 1998

    ABI plans to bail out IFAs over pension misselling has thrown open again the question of who is responsible for misselling. This is a sore wound.

  • Why IFAs need bonus details

    9 Jul 1998

    Do annual bonus declarations on with-profits funds tell us a great deal about recent investment performance?

  • Wider outlook for HSBC Global Protection Pep

    8 Jul 1998

    HSBC Asset Management has reissued its Dublin-based Global Protection Pep, which allows investments up to £9,000 to be made, using both the single and general Pep allowances.

  • Wide-ranging tax shake-up feared in Green Budget

    8 Jul 1998

    The Government is expected to deliver a major shake-up of capital gains tax, inheritance tax and higher-rate tax relief on pensions in next week's Green Budget.

  • Will Treasury crack the mortgage code?

    9 Jul 1998

    The Treasury is turning the screws on lenders with its warning that, if self-regulation of the mortgage market fails, they will be brought under the scope of the Financial Services Authority.

  • Win champagne

    8 Jul 1998

    Calling all baby boomers. This is your chance to win some Champagne.

  • Winterthur and Credit Suisse launching Sipp

    9 Jul 1998

    Winterthur Life and Credit Suisse Private Clients are offering their first joint product since the £5.8bn merger of their parent companies last August.

  • Winterthur reissues protected pension vehicle

    9 Jul 1998

    Winterthur Life is rolling out the second tranche of its stockmarket pension fund which gives equity-linked growth with security.

  • Winterthur reissues protected pension vehicle

    9 Jul 1998

    Winterthur Life is rolling out the second tranche of its stockmarket pension fund which gives equity-linked growth with security.

  • Women prefer male advice

    9 Jul 1998

    Gender counts when it comes to dealing with money, says a survey for Cornhill Life.

  • Yorkshire taking the 'moral high ground' to gain edge on rivals

    8 Jul 1998

    Yorkshire Building Society's customer promise to its one million members marks an escalation in the competition between lenders.

  • Yorkshire to offer loans by phone

    9 Jul 1998

    Yorkshire Building Society is set to enter the flexible mortgage market and sell products direct over the phone later this year.

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