What an interesting article from Peter Hargreaves about killer commission. I do not agree with him that IFAs will be dead in a few years. People have been saying that for many years and it never happens. I may well be dead but from a physical, not a business, point of view. I do not […]
US financial services giant MetLife plans to take on the UK market in January with a guaranteed income retirement product.It will aim at the increasingly competitive market for people who do not want to buy an annuity but are not prepared to take the risk of income drawdown.The funds will be invested in around 20 […]
Mortgageforce managing director Rob Clifford believes that brokers are being underpaid on prime cases and he wants higher charges for borrowers to pay for increased proc fees.Clifford told the Mortgage Business Expo in London last week that borrowers are getting a “free lunch” as brokers earn far less than counterparts in other markets.He said intermediaries […]
There seems little doubt that the leading political theme today is the environment. Just look at the amount of press coverage that the Stern report received.Now I have to admit that I remain somewhat of a sceptic on global warming or perhaps what is causing it. I also have to admit that I am no […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.
The Private Office, a Leeds-based financial advice and wealth management group, has bought the London wealth management division of SRLV Accountants, SRLV Financial LLP. The cash purchase of the Mayfair advisers includes six staff including two qualified advisers. SRLV Financial provides independent wealth management advice to SRLV Accountants’ personal and corporate clients that mainly work […]
Pensions provider Just has raised an additional £375m in capital through a bond issue and equity placing. The bonds, which are issued by listed holding company Just Group plc, have a first call date in April 2024. They have an annual interest rate of 9.375 per cent, payable semi-annually in arrears, and meet the requirements […]
James Hay parent IFG Group has reached a sale agreement with private equity firm Epiris that will see the firm valued at £206m. IFG, which also owns national advice business Saunderson House, will sell its entire share capital to Epiris. IFG shareholders will each be entitled to £1.93 in cash per share – a 46 […]