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Government set to reap £2.5bn in stakeholder fines

UK firms could face total fines of up to £2.5bn for not meeting the Government&#39s stakeholder regulations, according to Virgin Direct. According to Virgin&#39s research there are around 50,270 companies which have yet to act on their stakeholder compliance duties and could chance a £50,000 fine from Opra.

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Profits boosted for Sun Bank

Profits at Sun Bank rose by 39 per cent to £6.2m from £4.46m forthe first six months of the year. Assets under management rose by 16 percent to £1.3bn from £1.1bn and lending increased by 14 per centto £157m from £137m. Customer deposit accounts increased by 13per cent to £1.1bn from £974m. The bank has […]

Scottish Mutual launches pension investment vehicle

Scottish Mutual is launching a customised pension investment vehicle offering retirement planning flexibility, available in two versions.The Classic Flexible Trustee Investment Plan gives investors access to the Scottish Mutual pension fund range, including external fund links to Fidelity, Merrill Lynch, Newton and Perpetual.The Tailored Flexible Trustee Investment Plan is designed for fee-paying individuals and corporate […]

Skandia extending its multi-fund links

Skandia is expanding its multi-manager fund range with the addition of onenew fund manager and a total of 12 new funds. It will link to Sarasin and introduce eight new funds to its MultiIsa,MultiPep and MultiFund range and life and pensions products. A further fournew funds will be made available to its life and pension […]

Invesco Perpetual – UK Aggressive Fund

Type: Unit trust. Aim: Growth by investing in UK equities. Minimum investment: £1,000. Investment split: 100 per cent in UK equities. Isa link: Yes. Pep transfers: No. Charges: Initial 5.26 per cent, annual 1.5 per cent. Commission: Initial 3 per cent, renewal 0.5 per cent. Tel: 0800 0282121. Broker Panel:- Luke Gibbon, Proprietor, Independent Personal […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]

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