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Financial services sector saw business grow in last quarter

The financial services sector saw a strong rise in business over the last quarter but firms expect the pace of growth to slow in the New Year, according to a survey published today by the Confederation of British Industry and PricewaterhouseCoopers.

Over the last quarter of 2000, 45 per cent of firms saw business volumes increase, compared to 15 per cent which saw a drop.

Banks and general insurers saw the biggest increases, while securities traders, fund managers and financial houses saw marked declines.


Lenders vie for release key as trackers replace SVRs

On the product front, I know that a number of lenders are working hard on the two big issues. The first is a real solution to equity release. Bank of Scotland and, latterly, Barclays and Northern Rock showed there is fantastic potential demand for the release of equ ity for our ageing population. It wouldn&#39t […]

Take cover

The rules for stakeholder pensions could have serious implications for investors transferring from a personal pension with life cover included to a stakeholder pension with the same benefit from April 6. Investors may find that they are unable to have the same level of life cover as before because the new calculation method means the […]

Quester bets on UK companies

Woodward says: “The literature is very functional, with all the required data, but somehow it could have been a little more user friendly.”Spendlove agrees. He says: “It is rather uninspiring. It provides very detailed information but perhaps is not the most user-friendly document for the average investor.”Summing the product up, Storer says: “The rationale behind […]

Fidelity defends small IFAs over trail rebates

Fidelity is taking a stand against brokers which rebate trail commission and annual management fees to the client, in what it describes as a bid to protect the smaller IFAs. The company has targeted two firms, Chartwell and Com share, which it has highlighted as the biggest perpetrators of renewal commission rebating. In a recent […]


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