Eurolife Assurance Group has saved a reported 1m in compensation after 25 per cent of investors in its secured income and growth bonds chose to take a smaller one-off payment instead of the five-year restructuring plan it offered when the bond defaulted in January.
I have always appreciated the unusual or the quirky. The venue for the IFP conference for the last two years has certainly been both. As you enter, you are greeted by a statue of Atlas (I presume) holding up not the world but the circular ceiling in reception.
The zero-dividend preference share market continues to throw up opportunities despite shrinking by a quarter in the last three years, says F&C. The asset class has fallen out of favour since the high-profile problems in the split-capital investment trust market, shrinking from 2.7bn in 2002 to 2.1bn in 2005, but new zeros are now being […]
Financial markets are going through a short-term “sweet spot”, according to investment management firm Morgan Stanley Quilter. The firm says while everyone is focused on oil, there are opportunities that are in danger of being missed in financial markets, and investment portfolios should be positioned to take advantage of profit growth that is ahead of […]
In response to the article in last week’s Money Marketing headlined, Speculation ends as Pru chief Wood is set to leave, you reproduced a quote from an unnamed insurance analyst in which it was claimed: “Pru has been losing a lot of market share and profitability.” This is just not true and the figures bear […]
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]