Former telecoms regulator Don Cruickshank has launched a review of the UK's banking industry. It will look at all aspects of banking including mortgages, life assurance, credit cards, payment systems and credit for small businesses. It is expected to published towards the end of the year.
Pep sales in 1998 increased by 18 per cent to a record £11bn according to the Association of Unit Trusts and Investment Funds.Autif's latest quarterly figures show that net Pep sales in December rose by 38 per cent in 1998 to £368m bringing total Pep sales for the year to £7.7bn.During the fourth quarter regular […]
Mortgage packager The Money Store has appointing Jane Arckless as its head of finance.Arckless was previously finance controller at Lombard Bank and has worked as a tax consultant for Mitsubishi Electric.She will report to managing director Larry Wodarski and be responsible for all activities in the accounting and financial planning departments.
James Dowey, Chief economist & CIO In these very early stages following the “Leave” win any prognosis is by its nature highly tentative. It will be weeks before we are able to measure the acute impact of the result on the UK economy, and there are clearly no close historical parallels on which to base […]
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The remorseless advance of the passive investment movement (for such it is, complete with creed and prophets) leaves active fund management businesses with a dilemma. In theory, they would prefer to fight and claim that their various styles of active management can and do deliver superior outcomes over the timescales that matter to investors. But […]