Sub-prime lender City Mortgage Corporation has bowed to pressure from the Office of Fair Trading to scrap high interest rates and massive early redemption penalties on its loans. The company has been under the spotlight for months for enforcing hefty contract terms on its borrowers. Interest rates were nearly doubled when customers fell into arrears. […]
Wednesday lunchtime, the Chop House by Tower Bridge. This is when Correspondent's Week technically starts for me because it is when a remark by Polhill PR Terry Hepplewhite triggers a memory that had been mercifully erased from my mind earlier. This was the week when I had agreed, in some distant carefree past of about […]
A month ago, fund managers were being heavily criticised for their defensive positions in holding high cash levels and missing out on the huge gains enjoyed by UK and US equities. Managed funds have generally underperformed tracker funds and the major indices over the last year. Analysts have pondered how long some funds could continue […]
Standard Life has boosted new life and pension business by almost 30 per cent in the last year. On an equivalent premium income basis, new business was up to £459.1m in the year ending October 15 from £353.7m last year. New annual-premium income increased by 44 per cent to £272.4m from £189.1m and new single-premium […]
By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]