GMAC RFC says it is not for sale despite General Motors’ negotiations for the sale of its US commercial arm GMAC Commercial Mortgage. Market speculation surrounding the future of GM’s UK residential arm has been fuelled by the reduction of GM’s status by Moody’s Investors Service to one point above junk on April 5.
Friends Provident has established The Personal Range which comprises an individual personal pension and stakeholder pension.
The UBS absolute return bond fund has taken 40m in inflows during its three-week offer period. The Ucits 3 fund aims to generate a return regardless of market conditions through a diversified global bond portfolio. the targeted gross performance objective is UK bank rate plus 2.15 per cent with an anticipated volatility of 3 per […]
Artemis is launching a strategic bond fund in the second quarter of this year. The fund will be run by James Foster and Alex Ralph, who join Artemis this month from Isis.
Legal & General has paid out 139m to settle pension and endowment misselling compensation claims. The figure includes the cost of its pension and endowment sales reviews and related admin costs.
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]