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Building societies see surge in business

Building societies saw their volume of business rise at the fastest rate since December 1996 according to the most recent quarterly financial services survey from PricewaterhouseCoopers and the Confederation of British Industry.

This was in sharp contrast to banks, life offices and fund managers all who saw their levels of business decline.

The survey also reports life offices suffered from declining overall profitability as they attempted to deal with changes forced upon them by the 1 per cent world.


Ill-gotten gains

At age 54, I have accumulated over £290,000 in various pension funds.My plan is to take early retirement and possibly continue with someconsultancy work. I quite like the thought of taking tax-free cash now but will need only a modest level of income in the short term. I take an active interest in investments and […]

Chequebooks are out in the dash to gain distribution

Despite the season, IFAs should keep their umbrellas handy in case theyget caught in a hail of chequebooks. The price range is dumbfounding, from around £18,000 per adviseroffered by one insurer to an estimated £357,000 paid per RI at onerecently acquired national. These are rough figures but providers are stumping up the cash. The dashfor […]

Business is there if you work for it

I have just finished reading a recent copy of Money Marketing and with aless strong constitution would have jumped off a cliff at the volume ofdoom and gloom that apparently exists in our industry. As a director of a small City-based IFA practice, business has never beenbetter. Our joint turnover is growing month on month […]

Zero CD Rom from Aberdeen

Aberdeen Unit Trust Managers has produced a free CD Rom which explains how zero dividend preference shares work.The CD Rom gives investors details of daily prices and redemption yields on all zeros currently in issue. Aberdeen is issuing the CD Rom on the first anniversary of its Progressive Growth Unit Trust, and is offering a […]


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