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.
Britannia Building Society is transferring its sales team to Axa Sun Life and signing a deal to distribute Axa's 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 […]
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 […]
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 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 […]
At the end of July, the Pensions Regulator issued its quarterly update on auto-enrolment (AE) compliance by employers in the UK. The full report can be seen under the quarterly bulletins section here.
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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 […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]