Individual insolvencies in England and Wales have fallen by 5 per cent in the last year, says the Insolvency Service. Individual insolvencies now stand at 26,072, a decrease of 3 per cent on the previous quarter.
The total of new equity release plans sold in Q3 2007 has increase by 15 per cent, says SHIP.Its third quarter figures show that the number of equity release plans have increased from 6,954 in Q3 2006 to 7,981 in Q3 2007.The total value of new business written reached £325.3 million, the highest quarterly figure […]
St James’s Place has seen its sales grow by 28 per cent in the first nine months of the year and says it is on track to beat its staff target for the year.Sales have increased to £315.4m, with investment business up by 31 per cent to £176.8m and pension business up by 32 per […]
I was pleasantly surprised when talking recently with Keith Robinson, support director at Origen, who is very happy with the recent deployment of Quay Software’s customer care desktop product in his organisation.
Bupa says some IFA networks have been asking protection providers to increase their basic premium rates to boost adviser commission payments.The firm says it has been urged by networks to put up premiums , most recently for critical-illness cover.Individual protection product and marketing manager Steve Casey says he is concerned this will encourage dual-pricing and […]
Vincent Chailley, CIO of H2O Asset Management, discusses the key investment factors in 2016, including volatility, the disconnection between central banks and its implications on markets, as well as opportunities that may exist for investors.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]