Shares in Freddie Mac and Fannie Mae fell dramatically this week after speculation that the US government will have to use its new powers to bail out the mortgage backers.
Hipstar, Network Data’s Home Information Pack provider, has announced that it has gone into administration.
Le Beau Visage managing director Peter Le Beau has hit out at the ABI, suggesting that the trade body is not doing enough to encourage the sale of income protection.
Employee share plan organisation, ifs ProShare, is offering an introductory course about employee share plans for financial advisers.
The FSA says at least 10 recovery firms are aiming a scam at investors who bought shares through Pacific Continental Securities Ltd, which went into administration in June 2007.
Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]