View more on these topics

IFAs increase market share for unit trust and Oeic Isa sales

IFAs are beating off the challenge from their tied rivals in the Isa stakes according to latest figures from Autif.

The Autif figures for June reveal IFAs won the battle over their tied rivals securing 39 per cent of unit trust and Oeic Isa sales compared to 37 per cent for their tied counterparts and 16 per cent for direct sources.

But despite the optimism for IFAs, sales still lagged behind those of Peps for the same period last year. Gross Pep sales for June 1998 were £866m compared to Isa sales this year of £589m.

Regular savings into Pep and Isa plans were also down in the second quarter of the year compared to the first. Figures show a 16 per cent drop from 1.76m in the first quarter to 1.34m in the second.

Autif&#39s director of communications Anne McMeehan says: &#34We do not believe it is a conscious effort by the public not to invest on a regular basis but, unlike bad habits, the saving habit is too easy to quit.&#34


CGU cuts term rates

CGU LIfe is cutting its term assurance rates with effect from August 2.The rate cut to its level term and mortgage protection rates follows a review to ensure they are kept as low as possible.CGU IFA marketing and strategy manager John Enos says: &#34These latest reductions in our level term and mortgage protection rates secure […]

Friends Provident International launches two new funds

Friends Provident International is adding ethical and tracker funds to its range of offshore funds.The International Stewardship fund is a global version of the Friends&#39 UK ethical fund. While the UK Index-tracker will attempt to emulate the performance of the UK&#39s top 100 companies.The funds will be available to new and existing investors through its […]

Colonial offers two base rate tracking mortgages

Colonial has launched two base rate tracker mortgages.The first version is aimed at remortgages, while the second is designed for new purchases.Version one offers borrowers a rate set at 0.9 per cent above the Bank of England. But this is discounted by 0.75 per cent for the first 12 months of the loan giving a […]

MPs&#39 report gives victory to mutuals

Building societies are toasting victory in the wake of a Treasury selectcommittee report which, if implemented, would dramatically increase theirability to resist carpetbaggers.The report means Money Marketing&#39s Save our Mutuals campaign has thebacking of the most influential select committee in Parliament. MoneyMarketing staff gave evidence to the committee last month.The committee&#39s “demutualisation report” proposes amending […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm