Speculation that Abbey may close its Edinburgh Scottish Provident office with as many as 500 jobs being lost will not be confirmed until next year, the Group has said. Following reports that trade unions expect 500 of 750 jobs at its Edinburgh office to be lost as Abbey continues its current review of its sites, Abbey now says it is hoping to be in a position to update staff in January.
I read with interest the back-page article about the FSA quizzing IFAs about their networks, not least as I was one of the IFAs thus quizzed. First, I received a call from our network to tell me that the FSA had selected me to take part, what the purpose and format of the interview would […]
Anybody who runs their own business should be aware that they are making an investment. Whenever a business owner makes a choice with regard to the use of funds in the business, an investment choice is being made. Much like any other investment, a business is a means of delivering an income – usually taken […]
Millfield Group is signing a deal with London-based estate agent Chesterton Residential to offer independent advice to its clients. The strategic alliance will see clients from Chesterton's 17 London offices given access to Millfield's 280 mortgage advisers. Millfield chief executive Paul Tebbutt says: “We are delighted that Chestertons has chosen to work with Millfield on […]
The Ethical Investment Association is holding a seminar with the theme of Property and Land, the Ethical Way. Being held in Birmingham on December 1, the seminar will look at alternatives to equities and sociallyand environmentally-responsible ways of borrowing to finance house purchases. Speakers will include John Fleetwood of Philips Securities, discussing a new discretionary […]
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]