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Family Assurance appoints New Star to manage £1.5bn

Family Assurance has appointed New Star to run £1.5bn of its funds under management. The move is part of FA&#39s strategy to become the leading provider of the Child Trust Fund, due to be launched in 2005.

FA chief executive John Reeve says: “We see the move as another important pieced of the jigsaw as we move closer to the CTF launch, giving all out members access to greater resources in the vital area of investment management.”


Chase de Vere fined over precipice bonds

Chase de Vere is the first IFA to be fined over precipice and high income bond promotional material with the FSA imposing a £165,000 penalty. The FSA says a Chase de Vere marketing campaign promoted funds that were unclear, unfair and misleading. The case relates to a direct offer promotion for high income and precipice […]

Commentary – John Ellis

There continues to be a huge gap between the type of advice that the consumer effectively receives from our industry and, while some prefer the service of a direct offering, there are many that require and value advice, in all instances what is available comes in many variables, but generally fall into the following options, […]

Independent view

I have never forgotten Gary Player&#39s famous quote “The harder I practise the luckier I get.” You can translate this into “The more meetings I have the more business I write.” It is not quite as easy as that. Simply practising harder will not improve your golf unless your practice is focused and of a […]

NU exits pre-fund LTC to focus on immediate needs

Norwich Union has withdrawn from the pre-funded long-term care market and will instead focus on immediate needs. The company says its review of the pre-funded LTC sector shows that the market has been in decline because consu-mers have otherfinancial priorities. However, it says there has been strong growth in the immediate needs LTC market in […]


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