The Retirement Strategy data pages are designed to offer a wide ranging view of the current annuity rates being offered from providers including impaired, flexible and asset-backed annuity options. The pages also out current rates into historical context, offer the latest annuity best-buy tables and give a general overview of the type of products each provider currently offers.
Recent residential mortgage-backed securitisation issues are not translating into increased mortgage lending as banks are retaining a significant proportion of the funding, according to industry experts. Following the financial crisis, activity in RMBS markets fell off significantly as investors shied away from investing in bonds backed by mortgages. In the past 18 months, activity has […]
Investec Structured Products – FTSE 100 Enhanced Kick Out Plan 24
The FSA has warned UK investors who have paid a total of £75m to a Luxemburg-based life settlement vehicle there is “considerable legal uncertainty” surrounding some of the money invested. The FSA, the Luxemburg regulator and the Central Bank of Ireland are working to unravel investments made to ARM Asset Backed Securities which issued bonds […]
Lacklustre economic growth in the UK will hit employment prospects in the financial services sector, according to Ernst & Young’s ITEM Club. In a report published today, the economic forecasting group says it predicts GDP growth of 0.9 per cent this year and 1.5 per cent next year. It says this weak outlook will have […]
Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.
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Price comparison website Moneysupermarket.com has bought website and mobile app Ontrees for an undisclosed sum. The app has been bought from Associated Newspapers. The service, which launched in 2012, aggregates consumer bank account and credit card information and aims to simplify personal finance spending, budgeting and transaction monitoring. Ontrees was the top ranking finance application in […]
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]