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30% Of public to use Isa allowance

Only 30 per cent of the public intend to use their Isa allowance compared with 71 per cent of active investors, says the Association of Investment Companies’ investor confidence index. It says 37 per cent of active investors think a recession is the biggest threat to their finances.

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Death of UK’s longest-serving fund manager Nils Taube

Veteran fund manager Nils Taube has died at the age of 79 following a stroke.Taube was the longest-serving fund manager in the UK, having run retail and institutional funds since 1969 when he took over the St James’s Place greater European progressive trust.He was born in Estonia in 1928. Taube moved to the UK in […]

Budget’s hidden agenda

Well, for those of you who thought Gordon Brown’s last Budget delivery was boring, the latest Chancellor took us to subterranean levels.

Axa completes purchase of SBJ Group

Axa Advisory Holdings has announced that its offer to purchase SBJ Group has successfully completed following acceptance by over 90 per cent of the shareholders of the group.The offer is now unconditional in all respects but will remain open for additional acceptances until further notice.The deal has also received FSA approval, allowing Axa to take […]

King and Platt plan online protection brokerage

Former Torquil Clark Life Insurance directors Jason King and Simon Platt are looking to launch an online protection brokerage by the end of the summer.The pair left Torquil Clark in August last year, two years after it acquired Life Policies Direct, which they founded in 1999.The online brokerage will provide advice and quotations as well […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes

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