JC Flowers is putting pressure on Friends Provident to reconsider its rejected 150p per share takeover bid, saying it has funding in place for a 3.5bn cash bid.
The Association of Independent Financial Advisers has criticised the Hunt Review, saying that the industry was expecting a more comprehensive report.
A decision to float or sell Transact could be made in the next month as shareholders meet to vote on the future of the platform.Founding shareholders will for the first time have a vote on whether to sell the company at an extraordinary general meeting planned for early May.Options include listing parent company Integrated Financial […]
Independent mortgage consultant Kevin Duffy is warning that procuration fees could be cut in the next wave of belt tightening to hit the industry.
Woolwich will be cutting its Standard Variable Rate by 0.25 per cent following the Bank of England’s base rate decision today. This will see its SVR reduce from 7.39 per cent to 7.14 per cent. As well as the cut in SVR, all customers on Barclays Bank Base Rate trackers will see their rates cut […]
Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]