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
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FSA still fighting for IFAs
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Great expectations for Japan
By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]
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Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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