Berrington’s medical prop- erty fund is on track to build five NHS primary care centres this year, including retail and pharmacy units alongside GP consulting rooms.The fund has accrued 140m since its launch in November 2003 and is due to spend 120m this year on the construction of the brand new primary care centres followed by further expenditure in 2006 with 15 new centres and 150 in 2007. The fund has just comp-leted the building of a medical centre at Bonnyrigg in Mid- Lothian, Scotland. This will accommodate three local GP practices and a minor operations clinic. The fund has also been working with architects Hun-ters to develop a fast-track primary care centre plan based on research into patients’ needs. The fast-track centres will aim to provide phar-macies and other complementary services to patients such as community spaces and cash machines alongside calm spaces and branches of high-street retailers such as Tescos and Starbucks. The fund takes advantage of demographic changes among GPs, who are now kee-ner to lease their premises, and the strategic NHS need for the supply of those premises. Medical adviser to the fund Dr Michael Shillingford says: “We are enhancing patients’ experience of healthcare in the NHS and providing for the needs of a new generation of general practitioners. Patients will no longer need to be referred three times to different buildings as our centres will take care of more of their needs in one place.”
Scottish Equitable is launching a support package to help advisers and their clients prepare for A-Day, warning IFAs that not taking any action is unacceptable. The toolkit consists of an A-Day-specific website giving summaries and analysis of legislation, guides on the main advice issues and help with identifying core business opportunities arising from pensions simplification. […]
Total lending increased in June by 16 per cent according to the Council of Mortgage Lenders, the fifth consecutive monthly increase.June lending was still 9 per cent lower than the same month last year, down from 22.3bn from 28.2bn.Lending for house purchase increased by 20 per cent to 11.9 billion in June, up from 9.9 […]
Henderson has poached former head of UK equities at Threadneedle Graham Kitchen to head its thema- tic team. Kitchen has been tasked with improving equity performance at Threadneedle for the past nine months. At Henderson, he will report to head of equities Andrew Formica who has been with the firm for 10 months. Kitchen also […]
FSA chairman Sir Callum McCarthy has attacked the EU for its handling of the markets in financial instruments directive at the FSA conference last week. He branded the EU irrespon-sible for failing to conduct a cost benefit review before issuing the directive and said it was far from clear that the benefits to the UK […]
After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
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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 […]