View more on these topics

Court approves Axa orphan distribution

Axa won High Court approval yesterday for its controversial distribution of £1.7bn of orphan assets. The decision could pave the way for similar distributions of up to £20bn of surplus cash in the UK life insurance industry.

The Consumers Association, representing policyholders who felt that a greater proportion of the cash should have gone to them, will decide whether to appeal once Mr Justice Evans-Lombe has published his reasons. The Axa proposals will give only £525 million in benefits to policyholders.


Contradictory attitude to risk

Investors do not fully understand the concept of investment risk, according to new research carried out by Cleri cal Medical. The life office conducted a series of focus groups with target customers to gain some understanding of the barriers consumers have to investing in unit-linked funds and their rationale in the trade-off between risk and […]

Growth fund Chases choosy investors

Chase Fleming Asset ManagementFF-US Strategic Growth FundType: Sicav.Aim: Growth by investing in a growth style biased portfolio of UScompanies.Minimum investment: $5,000.Place of registration: Luxemburg.Investment split: Information technology 45 per cent, healthcare 19 percent, consumer discretionary 14 per cent, industrials 8 per cent,financials 7 per cent, consumer staples 5 per cent, telecommunicationservices 1 per cent, cash […]

santa claus

After Hans Christian Andersen Consulting&#39s management restructure of his toy production factory in 1988, Santa realised that he was able to produce his entire Christmas product range in just over five days. Andersen&#39s 75-page report highlighted the factory&#39s antiquated production process – using undersized workers – as one of the main reasons that production had […]

Zifa training scheme pays off as sales boom

Zifa claims business is booming at its IFA mortgage network with new introduced loans up 50 per cent on last year. The network&#39s mortgage introductions have risen to £600m from £400m last year, with the number of mortgage completions up by 60 per cent to £320m from £200m. Zifa says the figures reflect the work […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm