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Friends’ business up 33% in first half

Friends Provident saw total life and pension business rise by 33 per cent from 212m to 282m in the first half of this year but says the market is difficult to assess in the run-up to A-Day.

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Technology set for upturn, say fund managers

Polar Capital director Brian Ashford-Russell says technology is within 18 months of an upturn. New Star select opportunities manager Patrick Ever- shed has increased his fund’s technology weighting to up to 40 per cent. Retail investors lost huge amounts of money when the technology bubble burst in March 2000. Ashford-Russell says he understands investors are […]

Widows questions Killik switch

Scottish Widows is questioning the motives of Killik & Co after the stockbroker swit-ched its group pension scheme to a third provider in just two and a half years. Killik will earn commission from Friends Provident as it is acting as its own broker and was also previously paid commission by Widows. Killik marketing director […]

Skandia marketing boss joins Gartmore

Skandia Investment Management Limited head of marketing David Orr is leaving later in the year to join Gartmore as senior marketing manager.He will report to head of sales support, marketing Colin Hodges. Skandia sales director Spike Hughes will take on the expanded role of sales and marketing director.

Parents must start saving early for university fees, says Fidelity

Over 12 million parents are worried about student debt for their offspring but only 46 per cent are taking action to save, says Fidelity International. More than two-thirds of parents with teenagers say they cannot afford to contribute to university fees, according to a You Gov survey forFidelity. Parents of under-fives are more likely to […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]

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