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Bank of England holds rate

The Bank of England is holding interest rates at 5.25 per cent for the second month in a row.

The decision, which was widely expected, follows recent figures show strong consumer spending and a surge in house prices.

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Forsyth Partners launches new Dublin based funds

Research and investment management company Forsyth Partners is launching two new funds in its Dublin based fund of funds Sicav, Forsyth plc.The new funds are specifically designed for sterling based investors and are denominated in sterling.The Forsyth Sterling Global Balanced Fund aims to achieve long-term capital growth and has the FTSE Private Investor Balanced Portfolio […]

Winterthur chief steps down

Winterthur Life chief executive John Finan is stepping down from the board as from August 21. He will be replaced by Clifton Melvin who is currently a partner at consultancy firm Integrum, which focuses on port-merger integration. Prior to Intergrum, Melvin led the development of GE Capital’s insurance activities in Europe. He began his career […]

R&SA ready to sell its life and fund business for£2bn

Royal & Sun Alliance is understood to be gearing up to start offering its life and fund management business for sale to rivals, with a£2bn price tag.The outcome of the review of its life business is expected next week, according to a senior industry source. This report will then be used as a sale document […]

BROKER Talkback

Should the Investors&#39 Compensation Scheme bail out Towry Law ahead of its£75.7m takeover by Australian giant AMP?“No. I do not think the funds should be used for that.”Laurie Kosky, Redwood Financial Services“No. They bought the previous company without knowing the full commitment. It is their problem and they should be fully responsible for it.”Peter Rolt, […]

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