New rules on commonhold – a new type of property ownership as an alternative to leasehold - come into force today. The rules allow for freehold ownership of individual flats, houses and non-residential units within an estate or building. Possession is not limited by a time period as with a lease. With no third-party landlord, the management and decisions relating to the building come down to all the unit-holders.
The chief investment officer of Merrill Lynch Investment Managers has highlighted key worries of clients.Mlim president Bob Doll says that investors are concerned about economic expansion, corporate earnings, interest rates and inflation, oil prices, terrorism and politics.Doll reckons that the fluctations caused by these issues is making a trendless market where diversification remains the best […]
Sofa is to offer lower professional indemnity insurance premiums to members through an arrangement with NCG Professional Risks to be launched at Sofa's November conference. NCG has agreed with a several underwriters that Sofa qualifications and the professional conduct that membership implies will be taken into account as a factor when assessing premiums for PI […]
Alliance & Leicester is offering a new range of fixed and discounted-rate mortgages which feature reduced arrangement fees. A two-year fixed rate at 4.95 per cent until December 30, 2006 allows clients to borrow up to 95 per cent of the property value. A two-year discounted rate is available at 2.4 per cent discount off […]
Mrs Gates has been sold a portfolio of with-profits bonds worth around £100,000. She has asked for a review of the holdings as she is concerned about press reports that her money may not be earning the profits she expected. What should she be told? Mrs Gates is right to be concerned as her portfolio […]
New research has proven the positive impact that protection, health and wellbeing (PH&W) benefits have upon a business.
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]