HBOS has launched Halifax International, an offshore savings arm for British expats. It is offering a variable web saver and a regular saver account denominated in sterling, euros or dollars.
Every now and then I find myself on the receiving end of a tidal wave of emails from readers keen to correct any wrong points made in one of my columns.
Scottish Widows has added 23 new funds to its life and pensions fund range which will be available from April 21. The life office reviewed its fund manager relationships and all external fund links during 2007 and will now have links with 13 asset management firms to offer a broader range of funds to policyholders. […]
10-Year Fixed Rate
Lord Hunt has recommended the Financial Ombudsman Service introduces a case fee for vexatious claims put forward by claims chasers and called for a crackdown on the way they advertise. But despite calls from many advisers, Lord Hunt’s report, released today, states he does not believe a consumer fee or an appeals mechanism should be […]
Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]