Alliance & Leicester says it now has enough funding in place until the end of 2008. In a statement, the lender reveals it faces a £185m hit over the credit crunch, up from £55m last November.
Prudential’s UK new business figures remained flat in 2007 at £897m on an annual premium equivalent basis.On the retail side, sales were up 4 per cent on 2006 driven by strong growth in individual annuities, corporate pensions, with-profit bonds and lifetime mortgages. Prudential says the UK new business figures for 2007 were in line with […]
Regular Income Bond
Perhaps I am just naive. I have always found it quite difficult to understand the need to have an initiative called treating customers fairly. After all, shouldn’t service companies being doing that already? Isn’t that the core of their business offering?
Fidelity International has appointed of Dermott Whelan to its multi-manager team as portfolio manager.Whelan has been at US investment firm Morgan Stanley for 18 years and has a 10-year track record in investment management. He will run Fidelity’s European equity portfolio when he joins in March.As well as running European equities at Morgan Stanley, Whelan […]
It was great to see our industry picking up on the themes of product relevance in 2016 and making it easier to access protection cover. But the biggest change I saw in 2016 was a shift to talking more about the end customer and building the right propositions for them. Following the events of last […]
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Latest from Money Marketing
The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes