View more on these topics

Equitable Life sets aside £200m

Equitable Life is understood to have put aside £200m to cover the cost of guaranteed annuities despite earlier claims the bill would total £50m.


The life office has made the extra provision in its accounts although it claims the total amount needed may fall short of this amount.


Equitable has initiated a test cast due to start in the High Court in July. It hopes this will settle a long-running dispute which could affect the treatment of 100,000 of its guaranteed policyholders.

Recommended

UK investors get cold turkey

UK investors are in a &#34state of cold turkey&#34 as they attempt to come to terms with the low inflation and low growth rates.Baring Asset Management believes the UK corporate sector will fall into a battle for the survival of the fittest, with the largest companies coming out on top.Baring&#39s UK equity fund manager Richard […]

Barings believes the US is still the place to be

Barings Asset Management believes there is still potential for growth in US equities.The fund manager says US companies should experience a 7 per cent growth in earnings. This, coupled with a low interest rate environment, will lead to a 8 to 10 per cent market increase in the S&P 500 stockmarket index.Barings upbeat forecast is […]

Portman sees encouraging signs in property market

The Portman Building Society in predicting a surge in demand in the property market.Portman senior staff valuer Richard Atkinson says: “Encouraging signs for the property market emerged in March, pointing to a surge in demand and noticeable price increases, following moderate activity in January and February.”

Paragon expects over 100,000 website inquiries this year

Paragon Mortgages says on current trends it should receive up to 116,800 visits to its website this year.And over half of all mortgage applications in principle come via the web.It calculated the yearly rate from the fact that it site is receiving 320 visitors to its site on a daily basis.Paragon mortgages managing director John […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment