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Baring wins Somerfield pension scheme

Somerfield Pension Scheme is appointing Baring Asset Management as manager of its £60m UK fixed income portfolio.

The benchmark will be a composite of conventional and index-linked gilts. The objective for the fixed income mandate is to outperform the benchmark by 0.75 per cent a year.

Baring director Patrick Seth says: “This win represents another significant gain for our fixed income team. The performance objective is a demanding risk-adjusted target.”


MCCB call to advisers over service

The Mortgage Code Compliance Board is appealing for IFAs to own up to what level of service they provide to borrowers looking for a mortgage. The MCCB says failure by some advisers to disclose whether they were giving advice or just information to clients was the second most common breach of its rules discovered by […]

Inter-Alliance teams up with RSA Investments

IFA Inter-Alliance Group is teaming up with RSA Investments, Royal & Sun Alliance&#39s investment arm, to sell its Isas on the IFAs online supermarket at A discount of 4 per cent is available to investors who purchase an RSA Investment Isa on the site. Inter-Alliance says its Isa Centre has the most extensive selection […]

Friends Provident – Select Protection Plan

Friday, 9th March 2001.Type: Cafeteria style protection plan covering critical illness, income protection, life and houseperson&#39s cover.CRITICAL ILLNESSMinimum premium: £7.50 a month, £75 a year.Maximum cover: £1m.Illnesses covered: Alzheimer&#39s disease/pre-senile dementia before age 65, angioplasty, aorta graft surgery, bacterial meningitis, benign brain tumour, blindness, cancer, coma, coronary artery by-pass surgery, deafness, heart attack, heart valve […]

Legal & General has worked hard to boost mortgages

I am responding to the “Loan arrangers in showdown” article in Money Marketing (March l). By way of background, in December 1997 my company won a contract to develop the Mortgage Decisions desktop system which is now in widespread use by agents introducing business through the Legal & General Mortgage Club. Following detailed research and […]


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