Equitable should back campaign for Gvt compensation – action groups

IFAs have given a cautious welcome for Standard Life&#39s bonus declaration, describing it as “marginally” better than expected. The company is cutting bonuses on with-profits pol-icies by up to 1 per cent, with payouts on conventional and unitised policies down by an average of 7 per cent. Standard says that a year of strong investment […]

Threadneedle has leapfrogged Invesco Perpetual and Scottish Widows Unit Trust Managers to become the UK&#39s second-biggest fund company in terms of assets under management in 2003. IMA figures show that Threadneedle increased its funds under management by 26 per cent from £9.75bn to £12.36bn last year, ranking it behind only first-placed Fidelity, which grew its […]

Inter-Alliance is launching a mortgage and general insurance network this week. Mortgage development director Stuart Wilson says the priority will be to harness the advisers in the group, half of whom are qualified as mortgage advisers. Wilson says the network will be taking on qualified mortgage advisers and is unlikely to give a home to […]

The Mortgage Code Compliance Board has significantly reduced the fees that intermediaries and lenders will pay for their final period of registration before statutory regulation starts. There will no longer be a registration fee for intermediary firms and the staff fee will be less than half of the fee payable in 2003/04. The renewal fee […]