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Average house price to hit £300k

A new report from the National Housing Federation says the average house price in England will break the £300,000 barrier in five years.

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Ethical funds bring in the green

Ethical funds under management have grown by almost a third in the past year according to new figures from the Investment Management Assocation.The vehicles now have a total of £5.6bn asset under management within 50 funds, compared to £4.26bn at the same time in 2006.Ethical funds have traditionally had a reputation for being niche investments […]

Focus on profits pays off for Pru

Prudential’s profits surged by 39 per cent in the first half of this year despite the restructuring of its UK arm which resulted in sales falling by a fifth.Interim profits were £2.08bn compared with £1.47bn in the first half of 2006.New business premiums for the group rose by 12 per cent on an annual premium […]

HBOS to home in on FTBs as market share sags

HBOS has admitted that it has neglected first-time buyers sector as it focused on remortgaging.But HBOS intermediary distribution and specialist banking managing director Philip Grant says the company is now working on strengthening in the first-time buyer and homemover areas.Grant adds that the group is also looking closely at equity release, which is an area […]

Aviva to merge investment arms

Aviva is to pull its investment arms under the Aviva Global Investors banner after hiring new Morley chief Alain Dromer to head up the operation.

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