Fund Distribution Limited says over 97 per cent of investors have accepted its first distribution offer and 113m has been paid out to around 24,600 investors. This covers losses totalling 284m and represents a recovery of 40 per cent of losses. FDL will make its second and final distribution of 29.5m, equivalent to 10p in the pound in the fourth quarter before winding up.
Mortgage Express is offering a range of two year fixed rate deals on self certification mortgages.It says the move comes in direct response to recent broker research indicating strong consumer demand for two-year deals.The range includes a set of discounted deals which revert to base rate plus 2 per cent after the fixed period. They […]
Canada Life has announced it will temporarily close its Canlife Fidelity special situations fund a week before Fidelity splits the 6bn fund into global and Uk mandates on September 18.Canlife currently has 4.9m invested in the Fidelity fund and will close the fund to new business and inward switches one week prior to the split. […]
Pink Home Loans is the latest network to go on the acquisition trail. Pink says it in discussions with a number of companies, reflecting the trend towards consolidation in the sector. In April, Home of Choice revealed it was talking to sev- eral networks and last month confirmed it will make at least one acquisition […]
Aifa is on a collision course with the Treasury after urg- ing advisers to continue recommending alternatively secured pensions to clients despite warnings from the Treasury that it will scrap Asps if they do. The Treasury is now considering all options to ensure that Asps are used exclu- sively for religious groups with moral objections […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
- Top trends
- Top trends
- Revealed: The FCA’s findings on ongoing advice
- How much are advisers charging for pension transfers?
- Lifetime allowance 2018/19 increase confirmed but pensions absent
- ATS staff departures continue as platform commits to improved adviser experience
- SJP trainee adviser banned and fined for faking qualifications
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]