Bradford & Bingley has sold its property services businesses to Countrywide for £44.3m in cash while the fate of Charcol still remains uncertain. Goldman Sachs advised on the sale of B&B's 307 estate agency offices and SecureMove Property Services. Countrywide has four main divisions – estate agency, financial services, residential surveying and valuation. In addition, Lloyds TSB Autolease has bought the portfolio of car financial credit associated for £5.2m in cash.
PRUDENTIAL PruHealth Type: Individual and group private medical insurance Minimum-maximum ages: 18-70 Minimum group size: Two Minimum premium: No minimum Maximum benefits: No overall maximum but limits will apply to some benefits Cover provided: Comprehensive plan - unlimited inpatient benefits except psychiatric treatment up to 45 days a year, outpatient benefit - unlimited benefits except […]
Resolution Life Group is appointing Mike Biggs as its chief financial officer and board executive director. Biggs, the former Aviva group finance director, will be responsible for the company's financial management, consolidated group reporting and capital structure. Biggs helped in the demutualisation of Norwich Union in 1997. He will also lead Resolution's eventual flotation. Resolution […]
Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment:£10,000-£1m, Isa £3,000-£7,000 Term: Six years Return: 8 per cent of original investment at end of year one if index is at or above initial value, 16 per cent at end of year two, 24% at end of year three, […]
Homeowners Friendly Society announces the launch of its Better Start Family Income Life Cover to help parents protected their family financially. The cover provides families with a tax-free monthly income in the event of a parent's death. Following a claim, the cover pays out in monthly instalments for the remainder of the 20-year policy term […]
In this short video, Peter Rutter, head of global equities at Royal London Asset Management, explains how he uses the company life cycle framework as part of his investment approach. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]