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Henderson Group issues profits warning

Henderson Group has released a profits warning to the market after admitting that it will not meet its 2008 target of £90m.

The group says that the target, which is before tax and non-recurring items, is unrealistic after global markets deteriorated as well as increased volatility and client activity.

The statement reads: “A number of the assumptions that underpin our stated goal, and which are beyond management’s control, are no longer valid, resulting in pressure on assets under management and fee income.”

The group says it will take action to protect the business and profitability and will make a further update in its interim statement on November 6.


‘Money Guidance causing confusion’

The proposed Money Guidance scheme is causing confusion in the industry as only one-fifth of advisers would sign up to it, according to Aifa research. The trade body says its view is that Money Guidance requires more work before advisers will throw their weight behind it.

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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