St James's Place Capital's new business figure show new sales down by nearly a quarter.
For the three months leading up to Sept 2002 sales were £35m – down from £45m the year before.
It says the figure reflect the continuing difficult investment conditions.
Conservative Shadow pensions minister John Bercow has resigned from the front bench rather than give into pressure from the party to vote against Government plans to allow gay and unmarried partners to adopt children.He has been replaced on the pensions front by former social security minister Oliver Heald, who served in John Major's Government in […]
Skandia has appointed John Clougherty as sales director of its soon-to-be-launched mutual funds business. Clougherty, formerly of Merrill Lynch, will report to Skandia Oeic business managing director Jamie MacLeod, appointed in July. Clougherty's appointment comes hard on the heels of Spike Hughes from Hargreaves Lansdown and Clive Hale from John Scott and Partners joining its […]
The great and the good of financial services turned up last week at the Bloomberg head office in the City to hear the case for and against the future of with-profits.Proposing the motion that With-profits Remains a Good Investment for the 21st Century Investor was Standard Life head of with-profits marketing David Hare. Opposing was […]
With unit trust sales and commission going rapidly down the pan, IFAs will have to scratch around for alternative sources of income. And long-term care provision provides plenty of opportunities.We are supposedly all motivated by fear or greed. But if that is the case, then the findings of a recent survey by NOP, conducted on […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
News and expert analysis straight to your inbox
Sign up
Bank of England governor Mark Carney has told economists that rate-setters will be forced to make harsh cuts to support the economy if Brexit is not smooth. Speaking in London last night, Carney says the bank is ready to act in the face of a messy exit from the European Union, warning that the contingency […]
Only 17 per cent of adviser websites mention their fees, new analysis has shown, reigniting debates over online disclosure. Of the 300 firms assessed by adviser marketing firm The Yardstick Agency, only just five gave sufficient detail to tell clients what fees they would be likely to pay. The results are down from last year, […]
The FCA should not be under the illusion a ban on contingent charging will necessarily improve the quality of advice, an adviser trade body has said. The Personal Investment Management and Financial Advice Association warns any contingent charging ban could have unforeseen consequences. According to Pimfa removing contingent charging could push consumers to either become […]
Comments