Cofunds has passed the £5bn mark in assets under administration, representing a 40 per cent increase in assets in the first eight months of the year. Cofunds started the year with £3.5bn and its life and pension tie-up with Legal & General is set to go live towards the end of the year.
This month’s Money Marketing Live in Manchester will once again feature an arena dedicated to the future of offshore finance. Taking place at the G-Mex centre in Manchester on September 27, the International Money Marketing Arena will provide financial intermediaries with an insight into the international invest- ment industry. In the seminar programme, offshore wraps […]
Two Year Fixed Rate Mortgage
Barclays has selected Assur-eweb as the portal to be used by its 800 financial planning advisers who previously used The Exchange. It is the second-biggest deal from the portal since it was bought by five providers in July. It says a number of deals are also in the pipeline. Assureweb will provide a comparative quotation […]
Leeds & Holbeck Building Soc- iety is changing to its new name as Leeds Building Soc- iety this week. Chief executive Ian Ward is overseeing the new brand and there are plans for expansion. An advertising campaign is starting this week. Ward emphasises that Leeds will remain an independent building society. Its half-yearly results are […]
In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]
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Transact saw funds under direction marginally increase to £29.8bn in the second quarter of 2018, according to a stock exchange announcement from parent IntegraFin Holdings. IntegraFin listed on the London Stock Exchange in March with a £650m valuation. In a Q2 update today, the company says funds under direction at the close of the three-month […]
The impact of weaker markets saw funds under management at St James’s Place drop in the first quarter of the year, when compared to its Q4 2017 result. In an update this morning, SJP says funds under management at 31 March 2018 were £89.9bn, down from £90.8bn in the previous quarter. On a year-on-year basis, funds under […]
The Department for Work and Pensions expects to spend £96.6bn on the state pension in 2018/19, a 3 per cent increase on the year before. The DWP has detailed its cost estimates in a memorandum sent to the work and pensions select committee, published on its website yesterday. The latest forecast for state pension costs […]