Ex-Bankhall director of group business relations Arnold Laing has joined the board of broker-support.com.Laing believes that broker-support.com will serve as a complementary service to Bankhall. The web-based support service provider is based in Knutsford, Cheshire and was set up in October last year. It focuses on personal finance customers, saying most people do not have the need for complex investment and pension solutions, whereas nearly everyone will get involved in general insurance, mortgages and personal finance at some stage. Laing joins the board alongside chief executive John Mamelok and board directors Mike Jones and Martin Ruffles. Operations director Steve Dicks, formerly of Bankhall, is also a board member. Laing says: “We are seeing the last bastion of the financial services industry moving into the personal finance side. This will offer a complementary service to that of Bankhall as we are seeing them consolidate, not looking to spread all over different areas of the market.”
Near Prime One Year Discount
A major factor determining the relative performance of an equity portfolio is the proportion devoted to big and smaller companies. It is not unusual for the leviathans to outpace the minnows (or vice versa) by 10 or 20 per cent in a single year.
It’s A for alternative investments as A-Day fever gets a grip on the Sipp market. A straw poll of advisers and Sipp administrators reveals a wide variety of enquiries about potential Sipp investments. As well as being asked about putting investments such as stamps, classic cars and fine wine in pension pots, Central Financial Planning […]
Nicola York finds that property prices have hit a plateau and we may be about to see serious falls in some areas of the country
By Ali Unwin, head of technology sector research
Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.
At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.
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