Wealth Management Group St James’s Place Capital has reported 19 per cent new business growth for 2004. Unaudited results for 12 months to December 31 2004 show funds under management have reached 9.5bn, up by 20 per cent since the start of 2004. New investment business went up by 19 per cent to 95.3m. New pensions business was also up to 56.2m, up by 27 per cent. New protection business saw a small rise of 4 per cent to 25.8m.
Prudential has signed a deal to help Tenet IFA network and Burns-Anderson design their multi-tie propositions. Tenet has over 3,500 advisers and has picked Pru because of its experience in developing multi-tie distribution platforms.
HBOS Financial Services is shunning basic advice and will continue to offer full advice on stakeholder products through its Halifax branch network from April 6. The group is launching the Halifax cautious managed fund, to be run by sister group Insight Investment, as its default stakeholder medium-term savings product on the same date. HBOS was […]
Non-conforming lender Mortgages plc believes the challenges to innovation posed by regulation will see lenders bounce back with some interesting products and it has its own range lined up, including plans for affordability-based lending.
Ingenious Asset Management
Directional Bond Fund
Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]