Bradford & Bingley says the sale of its three Charcol companies – Charcol, Holden Meehan and Aitchison & colegrave, brought in only 12.7m. B&B made a total loss of 123.2m on the sale of discounted operations. Total group profits plummeted to 105.3m from 264m in 2003.
The firm is the one-stop intermediary lender of Britannia Building Society and was created from the mer-ger of Britannia subsidiar-ies Platform Home Loans and Verso.
It is approaching crunch time for IFAs, who are just weeks away from deciding their future and whether they will retain their independent status. As the debate continues to rage, however, I am astounded at the number of market commentators who are completely missing the point.
The Scottish Investment Trust has set up a scheme for children that, unlike the child trust fund, allows access to investments at any time.
Norwich Union has created an Oeic fund of funds which applies constant proportion portfolio insurance to a portfolio of six Norwich Union funds and short-term cash deposits.
FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:
– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations
- Top trends
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The Government says almost £5m was obtained by pension scammers in the first five months of 2017
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The merged company owns three platforms: Parmenion, Standard Life Wrap and Elevate, but is promising to keep ring-fencing.