The PIA is demanding large IFAs that pose the greatest potential risk of Year 2000 failure provide details of their arrangements.These firms have been asked to complete a Year 2000 Completion Statement which has to be signed by a firm's senior executive officer, to confirm sufficient action has been taken to ensure business continues as […]
NatWest has hit out at the Bank of Scotland claiming it is avoiding key questions over the Edinburgh-based bank's £22bn hostile takeover bid.The beleaguered bank also says BoS's proposals do not stand up to examination and are characterised by rhetoric rather than detail.
Sales of life insurance, pensions and investment totaled £9.5bn in the third quarter of 1999, an increase of 20 per cent on 1998.Overall the value of life insurance policies sold rose 31 per cent to £6.5bn, while pension sales fell by 8 per cent to £1.3bn.Sales of Isas and Oeics were also up 8 per […]
Standard Life Bank is updating its existing IT systems for mortgages and savings in a move to penetrate new markets.The bank has signed a contract for £1,000,000 with Lynx Financial Systems, and intends to add to its portfolio of telephone banking products.
By Kacper Brzezniak As the International Monetary Fund (IMF) downgrades the global growth outlook YET again (which is becoming a recurring theme, as we discussed here a year ago), we turn our eyes to Italy’s current economic disaster. Italy has recorded exceptionally weak growth in recent years but, in order to get a better understanding […]
Is this a birthday to be proud of for the investment industry? Since Mifid II came into force a year ago, industry figures have continued to debate whether it has fulfilled its goal of increasing transparency in the asset management industry. The objective of making financial markets “fair, transparent, efficient and integrated” is a sizeable […]
The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]
Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]