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FSA&#39s Equitable Life report delayed until the autumn

The FSA&#39s report into its role in the Equitable Life crisis is to be delayed until the autumn the Treasury announced yesterday.

The inquiry is looking into the job the regulator has done in supervising the insurance industry since it took responsibility from the Treasury in 1999.

It was originally expected to be published this spring, but yesterday&#39s announcement by Economic Secretary to the Treasury Ruth Kelly puts it off until about a month before the FSA receives its full powers on November 30.

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Pru and ScotAm valuations on AssureWeb

AssureWeb is to offer online life and pension policy valuations from Prudential and Scottish Amicable.IFAs are now able to check Pru and ScotAm surrender values and fund values online. AssureWeb says it expects other providers to come on board in the coming months.AssureSoft commercial director David Child says: “The service is another example of AssureWeb&#39s […]

Govett Investments – Corporate Monthly Income Fund

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Hewitt cold on Abbey merger

Trade and industry secretary Patricia Hewitt is expected this week to announce that Lloyds TSB is barred from buying Abbey National.Hewitt is expected to block the deal, which would have created the UK&#39s largest bank, on advice from the Competition Commission.National Australian Bank, which already owns Clydesdale and Yorkshire Banks, is believed to be interested […]

Skipton breaks new ground

Skipton Building Society is breaking new ground with a flexible mortgage that tracks the 3-month US dollar London Inter Bank Offered Rate (LIBOR).The US dollar Libor is the rate at which UK banks lend US dollars to other UK banks and is set by the British Bankers Association.The Manhattan mortgage is available for loans of […]

Investment

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]

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