Millfield shareholders have passed a special resolution enabling the group to boost its working capital by £3.6m through the issue of 6.4 million shares.At an extraordinary general meeting, shareholders agreed to the move, which Millfield hopes will enable it to become self-financing.The shares are expected to be admitted to listing on AIM today at 60p […]
Skandia UK Group achieved record new business growth in the first quarter of 2004. Sales were up by 75 per cent over the same period of 2003 and assets under management reached a record £17.2bn. Unit-linked bond sales rose by 392 per cent over 2003 levels on the back of favourable equity markets and an […]
Norwich Union is the first major product provider to commit to the child trust fund after signing a partnership agreement with Children's Mutual for the development of the product. Both parties say the deal – which sees NU share CM's admin and product development – is essential to achieve the economies of scale needed for […]
In the coming months, we will see regulatory and legislative changes designed to improve consumer confidence and help people to save more easily. As we work to improve consumer perception of our industry, one area that is likely to get increasing attention is the commission system. Commission exists as a means of remunerating sales in […]
Sentiment towards emerging markets is improving. Simon Edelsten, manager of the Artemis Global Select Fund, analyses if this a good time to buy back in or whether valuations are still too high? Click here for full article
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]