Endowment claim-chasers will present protocols to life offices this week to help clean up the industry. The firms plan to make costs more transparent and outlaw inappropriate advertising.
The Association of Residential Letting Agents warns nearly 4m new dwellings will be needed in the next 15 years to fulfil demand. With the inadequacy of pension provision and increasing life expectancy, solutions such as retirement homes for rent, equity release schemes and Reits seem likely.
Collins Stewart is launching a closed-ended Eastern European property fund investing in Turkish, Romanian, Ukrainian and Bulgarian property.The fund will aim for a target annual dividend of 7.5 per cent once fully invested, through investing in a range of office, retail, industrial and residential properties in the target countries. It aims to be fully invested […]
Almost two thirds of brokers expect house prices to rise this year, according to a survey by UCB Home Loans.The survey of nearly 1500 mortgage brokers conducted in January shows 31 per cent expect them to remain broadly the same as in 2005, and only four per cent think they will fall.According to the survey […]
A popular theme for many of the columns appearing in the trade press is trying to second-guess those areas of business which might be the subject of particular attention by the FSA in the coming months.
By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]