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 […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]