UK consumers are wasting over £725 million each year by not shopping around for competitive loan rates, according to research from The MarketPlace at Bradford & Bingley. Fifty seven per cent of people would go straight to their bank or building society if they needed to take out a loan. The research attributes this reluctance to shop around to a belief that their bank or building society knows their financial position best (44 per cent), that their bank or building society is trustworthy (22 per cent) or because it's the easiest option (13 per cent).
Prudential has introduced the capital protected growth plan, a capital-protected bond that will return investors' original capital whatever happens to the FTSE 100 index during the six-year term. The bond also has a choice of two growth options but the returns from both are based on the closing level of the FTSE 100 index on […]
Winterthur Life has added the Liontrust first growth fund to its tailored selection fund range. At the same time the fund will become a component part of its elite service, which is a managed fund of funds programme. The Liontrust first growth fund is described as providing long term capital growth through a diversified portfolio […]
Yet again I was fascinated in the reply to my letter from the chief executive of the Millfield Group in terms of his company.First, who cares how many companies are invested in the group? It still does not answer my question. Second, the chief executive uses a third party to suggest that his company will […]
The Mortgage Code Compliance Board has published its annual report for 2003. The report shows that 60,000 individuals have passed an accredited examination, now compulsory for mortgage advisers. It also shows that MCCB's annual income is approximately £4.7m, primarily levied from fees on lender and intermediary registered firms. Sixty per cent of the MCCB's annual […]
Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]