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Horlick says equities at cheapest level since 1959

The price of fixed interest is too high but equities are at their cheapest level since 1959, says SG Asset Management chief executive Nicola Horlick.

Horlick told the summit that loss of confidence in equities has forced pension funds and other institutional investors into fixed interest, which has fuelled unrealistic prices.

She said examining equity prices since 1850 showed there are two sorts of bear markets – those related to technological revolutions, which last between three and five years, and the normal cyclical downturns that tend to last only one year.

Horlick said: “The industry grew because of the belief in equities and has suffered as equities have failed. As markets recover, confidence will return.”

Hallmark-ifa managing director David Holbrook says: “We have two camps – those that say the cross-over of bond and equity yields is great for the equity market, and those that say the opposite. I am happy just to wait and see.”


Regulation set to force rethink for small firms

Regulation will hit many smaller players in the mortgage market, fears MCCB chief executive Luke March.At the BSA conference, March revealed that in 2002 there were 7,814 firms with only one member of sales staff. He predicts these will become unauthorised introducers of new business, leave the market or join mortgage networks.March said the demands […]

Premium bonds maximum investment increased to £30,000

From May 12 an individual investor will be able to invest £10,000 more in National Savings and Investments premium bonds. The maximum investment has been increased from £20,000 to £30,000.

National Savings and West Brom BS hit FTSE trail

National Savings and Investments and the West Bromwich Building society have both introduced FTSE 100-linked guaranteed equity bonds with a five-year term. The National Savings and Investments guaranteed equity bond offers 100 per cent capital protection, whatever happens to the index. If the index increases by up to 65 per cent, investors get all this […]

Chet Helck

Chet Helck, president and chief operating officer of US financial services group Raymond James Financial, is enthusiastic about the potential of the UK market.He is determined that the company will succeed in its efforts to build a brand name through a small but growing IFA business and a wealth management tool that IFAs can use […]


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