CGNU's logo is being replaced by the Aviva logo, which will be the public face of the global insurance group from this month. The Norwich Union brand will continue for Aviva's UK business.
Bradford & Bingley, the IFA and mortgage lender, has joined the blue chip club after being promoted to the FTSE100. The company takes the place of demoted Powergen. B&B was selected on the basis of its recent trading statement.
Fidelity raced ahead of its rivals to secure almost a quarter of IFA fund recommendations in May, according to research company Keydata.Its latest findings show that Fidelity received 24 per cent of IFA recommendations, an increase from its 14 per cent share at the same time last year.Fidelity was well ahead of second-placed Credit Suisse, […]
With-profits AVCs have outperformed unit-linked contracts, with the average fund producing returns of 6 per cent a year over the past three years, according to Watson Wyatt.Over three, five and 10-year investment periods, all but one with-profits AVC provider produced a higher return than the best-performing managed unit-linked contract.Wyatt found the equivalent unit-linked managed fund […]
Returns on commercial property have outperformed equities and bonds over the last five years, offering investors a real alternative to these asset classes, claims Edinburgh Fund Managers property adviser Robin White.White, who advises on the Edinburgh portfolio property fund, told the Senate Programme that despite tales of doom and gloom surrounding the residential property market, […]
EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]