The formation of Friends Financial is still in huge doubt with Pearl Assurance owner Hugh Osmond believed to be calling on Deutsche Bank and Morgan Stanley as potential financiers in a takeover of Resolution Life plc.
Can we suggest an adaptation of buyer beware – adviser beware. The FSA’s planned reforms might be curtains for half of advisers or there may be change which simply increases standards and improves disclosure at a rate which the industry can cope with.
Money Marketing asks the managers of dog funds to justify their underperformance and explain to investment advisers what they are doing to turn them roundThe number of “dog funds” has almost doubled in the last 18 months, according to Bestinvest.There are now 72 funds in the kennel compared with 38 in January 2006, according to […]
The July floods have so far resulted in 12,000 claims for flood-damaged homes and 3,500 claims for businesses, according to ABI figures.Insurers are currently handling more than 50,000 claims for houses and businesses damaged by the floods in both June and July.The ABI warns that despite insurers’ best efforts, the recovery will inevitably take some […]
By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]