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7IM funds offered through Selestia

Seven Investment Management has made its five multi-manager funds available through Selestia. The 7IM funds have pulled in £640m assets since launch.

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FSA warns ‘significant minority’ over interest-only mortgages

The FSA has warned of the potential dangers for a ‘significant minority’ of consumers taking out interest-only mortgages without robust repayment strategies in place.The note of caution follows research conducted by the regulator to test how borrowers who have taken out such a mortgage intend to repay it and the extent to which these consumers […]

Pensions White Paper plays into IMA’s hands

The IMA has given an enthusiastic welcome to the second Pensions White Paper’s announcement that it is to adopt a centrally administered model for the proposed system of NPSS Personal Accounts.

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Mform appoints new non-exec director

mform has appointed former Filofax chief executive Robin Field as a non-executive director. The Edinburgh-based mortgage company has been set up by a team of experts from the financial services market and received investment from a number of funds managed by leading UK fund manager Artemis. Field is currently chairman of Artemis Aim VCT and […]

ABI gives in to pressure on CI cover for cancers

The ABI has bowed to pre-ssure from Swiss Re and changed its statement of best practice on critical-illness insurance for two types of cancer.In light of medical evidence from Swiss Re which suggests that the two cancers may be malignant in some cases, the ABI has decided that the rare conditions will now be covered […]

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