Animal Friends Insurance says it will offer vegetarians and fish eaters a 6 per cent discount on life cover. The insurer says vegetarians are less likely to suffer from a range of chronic diseases.
The group’s £6m UK equity fund has underperformed by 10 per cent over the past three years.Modray says this proves that large resources are no guarantee of success.A Morgan Stanley spokesman comments that the fund is not marketed and has “minimal assets”.
Most IFAs say they would con-sider changing their business model if the FSA offered financial or other incentives to become a professional financial planner, according to Aegon’s latest IFA Insights survey.Sixty-one per cent of adv-isers said they would consider gaining higher qualifications and introducing customer agreed remuner-ation to fit the FSA’s proposed “professional model” if […]
St James’s Place has reported a 50 per cent rise in first-half group operating profits from £80.3m to £120.7m. New business rose by 33 per cent from £160.9m to £213.5m.
Principal’s latest fund ratings see Toby Thompson’s New Star higher income fund put on its black list of underperforming funds.Standard Life UK equity high income manager Karen Robertson makes her debut on the white list of top performers while Rathbone income manager Carl Stick slips into the middle-ranking grey list for the first time.Principal issues […]
The rollout of Fit for Work (FFW) has now started in England and Wales.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
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