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Equitable chief says policyholders should settle for £2bn

Equitable Life chief executive Chris Wiscarson says policyholders should accept compensation worth £2bn rather than the £4bn-£4.8bn recommended due to concerns over Government finances.

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IFP develops level six degree

The Institute of Financial Planning has developed a level six equivalent financial planning degree with Manchester Metropolitan University Business School. The four-year financial services planning and management undergraduate course will run from September 2011 once it has been approved by the FSA. It will be predominantly knowledge-based, though units will also cover financial planning soft […]

Mortgage market remains subdued in July

The mortgage market continued to be subdued in July in what is traditionally a strong month, according to the Council of Mortgage Lenders. There were 56,000 loans worth a total of £8.4bn for house purchase advanced in July, up from 52,000 in June, worth £7.7bn, and from 53,000 worth a total £7.3bn a year ago. […]

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Letters to the editor

Yet another idea for protecting consumers that removes their choice and, in many instances, fouls up their existing financial planning. Many clients rely on an inheritance, tax-free cash from pensions, sale of investment properties or simply a future downsize as a means of repayingoutstanding capital. Are consumers so truly stupid that they cannot be relied […]

Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]

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