Bright Grey is to extend the maximum term of its life and critical-illness cover from 25 years up to 40 years in response to demands from advisers wanting longer-term protection for their clients. The changes will take place at the end of October and reviewable rate life or critical-illness cover will increase to a maximum 40-year term while guaranteed rate life or critical-illness cover will increase to 30 years.
My annual pilgrimage to the West Country was a somewhat muted event on this occasion. True, it was as enjoyable as usual. The weather was kind(ish) and the turnout for the seminar at the splendidly sited Carlyon Bay hotel, if a little down on previous years, included a top line-up of local advisers. But I had to come clean, you see. It is possible that 2006 would be the last year in which I endeavoured to give the good folk of Devon and Cornwall the City’s view on what was likely to happen to markets.
The Tory Tax Reform Commission is recommending a £21bn cut in taxes, including scrapping IHT on primary residen-ces and slashing corporation tax levels. Head of the commission Lord Forsyth told an audience at KPMG’s headquarters last week that the proposals are realistic and set in place ref-orms that would result in a “simpler, lower, flatter, […]
Bless Newton and their efforts. With what can only be described as marketing genius, the fund manager sent out polystyrene model aeroplanes boasting “Income funds with less drag” across the body. The irony comes, of course, when the plane is launched into flight – or rather, a sudden drop, as the plane possesses absolutely no […]
The Financial Services Authority has fined Best Advice Mortgage Network £7,000 for poor record keeping. The regulator says the firm did not “record and retain sufficient personal and financial information about customers before recommending a mortgage contract between June 2005 and June 2006”. The FSA says it failed to inform customers that had made a […]
Mark Martin, Investment Director, Head of UK Equities At 10 per cent of the portfolio, Carpetright is a major holding in the Neptune UK Mid Cap Fund and one of its most contrarian positions, based primarily on the company’s significant self-help potential as well as exposure to UK and European economic recovery. The company has recently appointed […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]