Assetz claims that it has produced the first property investment tracking device to monitor rental returns and capital gains in the UK and overseas markets.The property investment specialist company says the tracker assesses projected returns and risks associated with investing in property in a range of sectors. The sectors tracked are UK student, UK buy to let, France, Spain, Cyprus, Florida and Bulgaria. Assetz says these countries were chosen because of their significance to the UK investor. The firm’s tracker highlights France, where a minimum deposit of 15 per cent of the property price is required, as being the most attractive country for investors. Assetz cautions against investing in Bulgaria due to the high risks of an emerging market driven almost entirely by investors. It also warns investors to beware of Florida as capital gains are predicted to hit a standstill or go down while interest rates are on the rise. Managing director Stuart Law says: “Investors should be cautious of Bulgaria’s immature market. If Bulgaria does not join the EU, prices are unlikely to continue to rise at the current rate.”
John Charcol has introduced a three-year tracker mortgage which features a drop-lock option allowing clients to move to a fixed rate almost instantaneously. The exclusive product is funded by Scarborough Building Society and the initial borrowing rate starts at 4.69 per cent. Borrowers can move to any of Scarborough’s fixed-rate deals at any time without […]
An EU green paper has str- ongly criticised the state of the Ucits regulations but has ruled out an immediate overhaul of the regime. The paper – part of an on-going review of cross-border funds headed by EU internal market commissioner Charlie McCreevy – says Ucits regulations do not allow the full potential of the […]
Work and Pensions Secretary David Blunkett says automatic enrolment will form part of the Government’s plans for future pension provision. In a speech to the Fabian Society, Blunkett dismissed press speculation that the European distance marketing directive will affect the implementation of the policy which has received support from all three political parties as well […]
Norwich Union’s stakeholder commission hike has come under heavy criticism from rival Standard Life. The Edinburgh-based insurer says it will not copy NU’s move, which saw it double commission on individual single-premium business and quadruple it on regular-premium contracts. Standard Life says it will not write business which takes so long to make a profit. […]
Johnson Fleming has partnered with Openwork in order to make its managed auto-enrolment service available to Openwork’s advisers.
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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 […]