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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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]