View more on these topics

Govt is urged to top up savings for less well-off

Virgin Money is calling on the Government to introduce a

contribution-matching scheme to encourage the take-up of savings

products among low-income groups.

It is calling for a means-tested scheme that would see the Government

matching savers contributions pound for pound up to a limit of


Virgin is also calling for the Government to stop promoting cautious

managed funds within the Sandler suite of products.

In its response to the Sandler product consultation, Virgin argues

that the proposed cautious managed funds are not suitable for

risk-averse investors as they would still have lost almost 10 per

cent of their money over the last five years.

Director Gordon Maw says: “We do not believe it will be possible to

attract new savers with the proposed Sandler product unless the

Government introduces a considerable new incentive to save. For

people who are not currently saving, cautious managed funds are not

necessarily the answer. For anyone who is risk-averse they are

inappropriate and for anyone who is willing to take on equity risk

they are inadequate.”


Davy says PI capacity is growing

Simply Biz founder Ken Davy has moved to assure firms looking to signup with the IFA support services provider that it will be able tooffer them professional indemnity cover.In a letter sent to 240 prospective members, Davy, who also foundedDBS, reassures them “that more capacity is returning to the PImarket” and he is confident that […]

Standard Life property fund makes two more European acquisitions

Standard Life&#39s European Property Growth Fund (EPGF has made two more acquisitions in Lisbon and Paris. Both buildings will form part of the EPGF, which invests in office, retail and distribution companies in continental Europe.

Median Insurance Management – Smartgard

Type: Mortgage payment protection insurance Maximum benefit: £1,500 or 125% of monthly mortgage repayment, whichever is lower Benefit payment term: 12 months Deferred period: 30 days Premium: £3.25 per £100 for unemployment cover, £3.25 per £100 for accident and sickness cover, £4.95 per £100 for accident, sickness and unemployment cover Commission: Initial 25 -35% Tel: […]

Water way to raise money

The Water Machine is an enterprise investment scheme (EIS) that aims to raise £3m to develop water filtration systems that will be marketed globally. The company owns the patent rights to prototype water purification technologies developed within Cambridge University. Its objective is to use these technologies to establish a brand of water filtration products for […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm