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House prices up by 3.1 per cent in February – Nationwide

Nationwide&#39s latest survey of the housing market shows that house prices increased by 3.1 per cent in February, up from a 0.7 per cent in January.

Annual house price inflation was up to 17.1 per cent in February, up from 14.3 per cent in January, and the average house price was £138,730 up from £134,806.

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SEI brings in US chief as it bids to expand

Multi-manager SEI Investments has drafted its US communications director Chris Hylen to the UK in a bid to boost outsource partnerships with selected IFA companies. As head of wealth solutions, Hylen, who worked for SEI&#39s US adviser network, will identify potential adviser partners in addition to his role as a builder of business solutions for […]

Skandia profits surge and assets reach record £16bn

Profits at Skandia UK leapt by 121 per cent to £158m last year from £72m in 2002. Assets under management inc-reased by 30 per cent to a record £15.8bn from £12.2bn. Skandia&#39s overall life and pension business fell by 1 per cent from £361m to £365m. The company&#39s share of the IFA market increased from […]

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