Portman Building Society has announced a five per cent increase in assets to 18.7bn in its interim results to June 30 2006.The group’s savings balances increased by six per cent to 12bn with net inflows of 439m, compared with a net outflow for the same six month period in 2005.Profit before tax also increased by […]
Origo has removed the per-sonal liability that each adv-iser bears under its Unipass digital certificate contracts following user concerns. Origo managing director Paul Pettitt says the move was made after feedback from users, notably Sesame, unhappy about a clause in the contract suggesting personal adviser liabilities of up to 15,000. Pettitt says Origo has been […]
Following a nasty three-year cyclical bear market, equity markets generally bottomed in March 2003, rallying until May 2006 to then experience their biggest correction for three years. Does this weakness represent the start of something bigger? Are we about to revisit the low end of the range or is this merely a correction within an ongoing cyclical bull?
A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page Green with envy While scouring through the MPs’ Register of Interests last week, one WSJ correspondent took to reading the fine print of Treasury committee member John Mann’s file. Among the list of international trips undertaken by […]
Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]
Workplace provider Smart Pension has been told not to publish an advertisement again after a complaint to the marketing standards watchdog over its “threatening” tone. In November last year, Smart Pension sent a letter to business owners, stating that “failing to set up your workplace pension now could soon blow a serious hole in company […]