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Friends on the road to conversion

Friends Provident has reaffirmed its board&#39s decision to demutualise and

seek a stockmarket listing.

Speaking at last week&#39s AGM in London last week, chairman David

Newbigging outlined to its membership how the board came to a unanimous

decision to recommend this course of action.

He said: “In the coming months, the board and management, together with

our professional advisers, will continue to work intensively to develop the

detailed demutualisation proposals to be put to members next year when it

will be subject to a members&#39 vote at an extraordinary general meeting.”

Newbigging outlined the board&#39s intention to move along this route as

quickly as possible although he said it was only possible to provide an

approximate timetable at this stage.

He added: “It is our intention to move forward and marry the best of the

past with the requirements of the future.”


Review drags on as watchdog battles with PSO

A year-long feud between the Inland Revenue and the Financial ServicesOmbudsman is being slammed by the pension industry for delaying theconclusion of the pension review.The ombudsman has been trying to get the Pension Schemes Office to relaxrules which have restricted cases which qualify for the category“unsuitable sale” and require compensation.But consumers and intermediaries are being […]

Style counsel

The rationale behind style investing is that, over time, stockmarketsclearly and consistently reward certain attributes or styles.Research shows that the most consistent outperforming stocks over thelonger term have been companies with stylistic attributes which can be bestcategorised as belonging to either the extreme growth or extreme value endof the market. Style investing recognises this fact. […]

Julian Gibbs

Over the longer term, well-managed smaller companies investment trusts andunit trusts usually outperform their bigger company equivalents.Over the past five years, UK smaller companies unit trusts have gone up onaverage by 142 per cent against a rise of 103 per cent for the UK allcompanies sector and 79 per cent for the UK equity income […]

Cimps could be viable option to stakeholder

Pension experts believe contracted-in money-purchase schemes could becomea viable alternative to group personal pensions and stakeholder foremployers.They predict new pension rules could lead to occupational schemesreversing the trend of recent years, which has seen many occupationalschemes switch to group personal pensions, especially for employers withlarge staff turnover.Under new Government rules, all employers with over five […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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