New retail sales of investment funds fell in January but were still double those at the same time last year, according to the IMA. Its monthly statistics show that sales slid from £844m in December 2003 to £505m last month although this was still far in excess of January 2003, when sales were just £249m. Net Isa sales also fell, from £209m from £184m, but were again up on last January's figure of £156m.
Van den Hende says pfeg is already working to integrate personal finance education within the teaching of maths through a project funded by the DfES. As a pilot scheme, it will run within five UK schools and will provide a framework to potentially roll-out amongst all schools.She says: “Over the next few months pfeg are […]
Downing Corporate Finance is raising up to £1,98m to top up the Electra kingsway venture capital trust (VCT). Electra kingsway was established in September 2001 and is managed by Electra Partners. It invests in a portfolio of unquoted and developing companies that are listed on the alternative investment market (AIM). The top-up investment will allow […]
MEPs are backing a package of compromise amendments in the second reading of the new Investment Services Directive. After the Council of Ministers opted for highly controversial amendments to the directive. MEP Conservative spokesperson in the European Parliament Theresa Villiers says: “The compromise provides the pre-trade transparency requirement that the continental markets want, without imposing […]
The IBC Health Insurance Annual Conference, entitled What Does the Future Hold?, will take place on March 9 and 10 at the Crowne Plaza in London. It will look at issues such as critical-illness insurance, international health insurance and the future of the sector. Speakers will include Le Beau Visage managing director Peter Le Beau, […]
After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
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It is sometimes all too easy to forget that pensions are about income throughout retirement, especially when members are having huge capital sums dangled under their noses like juicy carrots. In final salary land, the current excitement over defined benefit transfers is driven by the enticing sums on offer. It is not surprising 80,000 people […]
Firms say they will finalise plans to move capital and staff across Europe by Q1 2018 Asset management firms expect to have their post-Brexit contingency plans in place by the first quarter of next year, despite fears of a lack of a deal between the UK and the European Union, a Member of the European […]
New entrants to the asset management space will not get authorised unless they meet the same high standards as incumbents, the FCA has said as it launches a hub for start-up fund firms. Earlier this week, the FCA said it would support new entrants to get their FCA permissions through a new suite of services, […]