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Lazard wins best global fixed income award

Lazard Asset Management is celebrating being awarded Best Global Fixed Income Fund at the OFFEX 1998 Awards for Excellence.

The Global International Bond Fund won the offshore sector category. It has returned 48.2 per cent since its launch in April 1994 and is rated AAA by Standard & Poor&#39s.

Director Rupert Tyer says: &#34We are delighted that the strong and consistent performance of this fund has been recognised. It is an excellent example of how our investment philosophy of consistency and minimising risk works in practice.&#34


Consumers&#39 Association comes out against Weinberg

The Consumers&#39 Association has slammed Sir Mark Weinberg&#39s proposal for three-tiers of financial adviser saying it will only lead to more consumer confusion.And it will deploy research showing that consumers are not prepared to pay for fee-only advice to strongly oppose any recommendation by the Office of Fair Trading to change the practice.The OFT has […]

Halifax says house price inflation will be steady next year

Halifax says that its October House Price Index confirms its view that house prices will continue to rise at a moderate pace.It expects house price inflation next year to be in the region of 4 per cent, despite the expected economic slowdown.The survey also shows that the difference in the average price of a brand […]

ABI&#39s third quarter figures show 8 per cent rise in life and pensions business

Demand for life insurance and pension policies is continuing to rise according to the Association of British Insurers.Its third quarter figures sales of new life policies, individual pensions and collective investment schemes rose by 8 per cent to £7.5bn.Single premiums rose by 16 per cent to £4.3bn and new annual premiums rose 8 per cent […]

Aon urges pensions funds to heed the single currency

Aon Consulting is urging UK pension schemes to start preparing for the launch of the euro in January next year.It says the initial impact of EMU will be on investment administration, because all trading, settlement and pricing of EMU bloc securities will be conducted in euros.This will require redenomination of large numbers of securities, new […]


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