Skandia has posted 19 per cent growth in sales in the first six months of this year with a business total of 310m. This brings its assets under management to a nw high of 23bn. The company achieved 43 per cent growth last year.
The FSA is warning it will take legal and enforcement action against firms that tape regulatory investigation visits. It says taping staff is acceptable if they are aware it is happening but says covert recording is unacceptable. It says the practice undermines the effectiveness of monitoring visits and impedes open discussion between FSA staff. The […]
Two Year Fixed Rate
This week, I will conclude my series of articles on recent and imminent developments in the pension world. In my last article, I looked at issues relating to the pro- jection of benefits from final-salary schemes and state pensions. Here, I will move on to the projection of money-purchase benefits, paying particular attention to the impact of statutory money-purchase illustrations.
Gay consumers could easily misunderstand the new civil partnership law and the financial implications for same sex couples according to Citizens Advice.The CAB says the law, instated on December 5 this year, is misunderstood as live-in same-sex couples might still be affected even if they do not register their relationship.The civil partnership law gives gay […]
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]