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 […]
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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FCA nears feedback completion after suitability review challenges
The regulator has now written to the vast majority of the firms that challenged its conclusions
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Paul Lewis: Why pensions cold calling ban leaves me cold
It passes the political test of seeming to do something while costing taxpayers nothing, but the finer details of the cold calling ban are disappointing
HSBC launches quartet of global funds amid UK risks
Minimum investment for the funds is £1,000 with a monthly sum of £500