Furness Building Society is launching into the non-conforming mortgage market with a distribution agreement with Mortgages plc. Furness will market the entire Mortgages plc product range to intermediaries using jointly branded marketing and promotional material. A specialist team has also been set up within the Furness Direct operation.
The Pensions Regulator says UK plc’s 130bn pension deficit could be paid off within 10 years with minimum disruption to the economy. It believes that up to 80 per cent of companies could realistically close their deficits without facing more than a 25 per cent reduction in their free cashflow. But the TPR’s reliance on […]
Money Marketing last week contained four separate articles which were connected by a central theme. Ivan Massow’s experience with Sesame over compen-sation for endowment selling should serve as a warning to all advisers that a network, like many life offices, will gladly stab you in the back. The nature of the network beast is that […]
Bupa Individual Protection is looking at a December launch of its online protection proposition to 26 intermediaries.
Matrix Money Management is raising up to 20m for the Matrix income & growth VCT, a venture capital trust focusing on management buy-outs.
Paul Casson, the manager of the Artemis Pan-European Absolute Return Fund, expects to benefit from a (patchy) recovery in Europe and more profit warnings in 2016.
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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]