Canada Life's UK IFA new business has shot up almost 16 per cent according to its third quarter figures published this week. Overall IFA new business is up by 15.5 per cent to £84.5m from £73.1m of which individual sales increased by 30.5 per cent to £30.0m from £23.0. Group sales went up by 8.7 per cent to £54.5m from £50.2m and overall new business increased by 12.2 per cent to £113.4m from £101.0m. IFA single premiums also increased by 36.7 per cent to £243.2m from £177.9m. Canada Life executive director Paul Whitaker says: “The company is now strongly focused on building effective and profitable business-based solutions with IFAs.”
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Aberdeen sites for each of its investment trusts
Aberdeen Asset Managers has created a series of websites covering each of its investment trust companies.The 23 new sites can be accessed from www. invtrusts.co.uk. They will each list specific information about one of its trusts, including twice-yearly results, manager details, capital structures, daily price updates, regulatory news and monthly updates.The sites will include a […]
Win the pension lottery
Pension City, UK, is the gambling capital of the world. Forget Reno, Monte Carlo and Las Vegas. In Pension City, stakes are routinely in tens of thousands of pounds or more.Many bets are placed without any understanding of the odds involved or that there are other games in town that might suit the gambler better.That's […]
B&W scraps in-house plan with £26m buy
Mortgage bank Bristol & West has scrapped plans for an in-house mortgage advice infomediary and instead bought ailing business-toconsumer website Money extra for £26m.B&W's plans to become an intermediary were detailed exclusively in Money Market ing in June when it was revealed director of marketing Martin Palmer had step ped down to develop an advice […]
FSA still fighting for IFAs
IFAs may have thought the Chancellor had enough to worry about in his pre-Budget statement without turning his attentions to the financial services industry.But after sops to the fuel protesters and pensioners designed to secure New Lab our a second term in office, Gordon Brown turned on IFAs with an altogether less conciliatory course of […]
Europe: Nursery slopes
After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.
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Brewin Dolphin assets take hit after market volatility
Brewin Dolphin saw drops in both assets under management and income last quarter, according to its latest trading statement. Total funds closed at £39.5bn – a 7.7 per cent drop, and discretionary funds reduced by 7.2 per cent to £34.9bn. The company attributed the drops to negative market movements, with “Red October” having an impact […]
More acquisitions in pipeline as Harwood revenue jumps 26%
Advice firm consolidator and discretionary manager Harwood has reported revenue growth of 26 per cent as it eyes further acquisitions in the year ahead. Results for the year to 31 October 2018 released this morning show that acquisitions have seen assets under management grow from £1.2bn to £1.7bn, an increase of 42 per cent. Revenue […]
AJ Bell reports slowdown in DB transfer activity
AJ Bell has reported a slowdown in defined benefit transfers onto its advised offering as it becomes the latest platform to report a fall in assets under administration after a volatile fourth quarter. Results this morning show that the platform benefited from £600m in DB transfer inflows in the quarter to December 2017. This fell […]
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