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Jelf set to float on Aim

Corporate intermediary Jelf Group has announced its intention to float on AIM and is seeking to raise approximately £2.5m at the placing price through a placing of 3,086,420 placing shares. Jelf Group has applied to the London Stock Exchange for admission to AIM and expects that dealing will commence on October 21.

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Britannia staff move to Axa in sales tie-up

Britannia Building Society is transferring its sales team to Axa Sun Life and signing a deal to distribute Axa&#39s life, pension, protection and investment products. The partnership, which will run from January 2005, coincides with the new FSA rules on the sale of regulated products. Britannia members will be able to buy Axa mortgages and […]

A&L is aiming to ensure it&#39s business as usual

With regard to the article published in Money Marketing last week, headlined A&L will cut principal numbers after M-Day, I feel it misrepresented Alliance & Leicester and our work with intermediaries. We are working extremely hard as we approach M-Day to ensure that it will be business as usual for Alliance & Leicester but there […]

95% of IFAs say means testing is a disincentive

A total of 95 per cent of IFAs say that means-testing benefits in the UK acts as a disincentive to pension savings. A poll on the BeeHive website run by Scottish Life pension guru Steve Bee revealed that only 5 per cent of 1,029 advisers surveyed thought pension credit was working. The poll supports the […]

Baillie Gifford makes Sipp debut with low-cost plan

Baillie Gifford has entered the Sipp market with a low-cost product centred on its investment trust and fixed-interest fund ranges. The Baillie Gifford select pension, administered by Alliance Trust Savings, has no initial or annual fees and charges are only made for transactions. These charges include £7.50 for a weekly dealing facility or £15 for […]

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