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?
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]