The Association of British Insurers has proposed abolishing the existing exemption which allows insurers to differentiate based on sexual orientation. The ABI says insurance companies see no need to differentiate between customers in civil partnerships and married couples.
This week saw the first UK best ideas vehicle hit its first anniversary as Rensburg’s UK manager focus trust recorded first quartile performance.
Hargreaves Lansdown’s first annual results as a listed company show a 67 per cent increase in operating profits to £40.7m from £24.3m.Assets under administration also rose by 67 per cent from £6.1bn to £10.2bn. Group revenue was £98.8m in the year to June 30 compared with £73.5m the previous year. The proportion of recurring revenue […]
The FSA has fined Select Mortgage Services £10,500 for poor financial promotions, inadequate sales processes and inappropriate systems and controls to manage its business.
Nationwide says affordability constraints, higher interest rates and lower house price expectations are more likely to affect UK property prices in the short term than the current market volatility.The company says the rate of house price growth increased during August by 0.6 per cent but the annual rate fell to 9.6 per cent from 9.9 […]
Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]