View more on these topics

Base rate stays at 3.5 per cent

The MPC has decided to keep the base rate at 3.5 per cent for the second month in a row. The decision was widely expected by the market. But The Woolwich economist George Johns says: “We would not yet rule out a further cut in rates before the end of the year, particularly if the recent buoyancy of the consumer and housing markets fades away.”

Recommended

Building Societies put in strong performance in 2002/2003

Building Societies have performed strongly in 2002/2003, increasing its assets by more than 12 per cent, according to the latest KPMG Building Societies database. The report shows total assets now stand at £193.6bn up from around £173bn. Building Society Association director-general Adrian Coles says: “KMPG&#39s Building Societies Database shows that the sector is continuing to […]

FSA smoothes over cash reserves rules

The FSA has unveiled plans for life offices&#39 capital requirements which link reserves with smoothing. The proposal would means that the more smoothing an insurer carries out, the more capital it would have to hold. The FSA claims this would reduce pressure on with-profits funds to sell equities when stockmarkets fall as the capital requirement […]

Product matters

In terms of new unit trust/Oeic launches this year, they have been few and far between. In fact, most groups have been concentrating on merging or closing down funds rather than launch new ones. But not Threadneedle. On September 15, it is launching a UK mid 250 fund. You might ask why on earth launch […]

The miles file

If you have an idle moment, peruse the figures for the UK all companies sector since the start of the year. You will not find most of the top dozen funds on the recommendation lists of many IFAs. Why? This year&#39s high-flying funds are mainly small and lack a three-year track record. For many financial […]

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment