Barclays’ profits rose by 8 per cent in the the first half of this year to £2.98bn from £2.75bn in 2008 while HSBC’s profits halved to £2.98bn from £6.1bn.
Bright Grey and Scottish Provident propositions director Roger Edwards has warned that the consumer protection insurance engagement campaign could be a short-term fix to a long- term problem.Edwards says the recommendations to be presented to the CPIEC next month by Cicero Consulting will probably inc-lude a media campaign costing each of the 22 members £1m-plus […]
Platforum has launched a service for IFAs to anonymously review platforms in order to help other advisers in their wrap selection process.
Capita Financial Managers is suspending trail commission to advisers who have clients invested in the £400m CF Arch cru fund range.On July 29, Capita announced that all charges from investors in the fund range, including annual management charges to the funds’ investment manager and trail commission to IFAs, are being suspended.The suspension applies to fees […]
Legal & General has almost halved its dividend to 1.1p per share from 2p last year but has ruled out a rights issue.The firm’s interim results on Tuesday reveal operating profit on an international financial reporting standards basis plunged by 92 per cent to £31m in the first half of this year, down from £391m […]
Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]