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.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]