Liontrust has unveiled a 12 per cent profit rise for the 12 months to the end of March. Assets under management rose by 8 per cent to £5.5bn.
Bradford & Bingley has been touted as a potential bidder for Kensington Group, which confirmed it was in advanced takeover talks last week.John Charcol senior technical director Ray Boulger says B&B has been buying books of business and this would accelerate a move into sub-prime.He says: “B&B has been buying a lot of books of […]
Stephen Whittaker is to pass control of the UK equity portion of the New Star tri-star fund to Edward Collins.Collins will initially co-manage the equity portion in tandem with Whittaker before taking over sole control later this year.Collins has run the Dublin-based New Star UK dynamic fund since February 2006. The fund is ranked 20th […]
How very different life is now compared with when I started as an adviser. Clients are more demanding of service and the timescale of its delivery. Containing costs is key to a profitable business. Some costs such as regulatory costs are unavoidable. Some such as administration costs are controllable.These demands led us to consider what […]
Outgoing Standard Life chairman Sir Brian Stewart came under fire from shareholders over the performance of the life office’s endowment policies at the first AGM since it became a listed plc.
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
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The end of the “boom” in pension transfers could be in sight, consultancy the Lang Cat predicts. The Lang Cat has published its latest platform market scorecard, which found pension gross inflows to platforms dropped 16 per cent in the first quarter of 2018 when compared to the fourth quarter of 2017. This was compared to […]
The level of outstanding debt owed by over-65s who are still paying back a mortgage reached an average of £86,000 this year, an increase of 13 per cent over the past three years, according to a new report. The study by the Centre for Economics and Business Research (CEBR), commissioned by equity release lender More […]
Pensions minister Guy Opperman has said auto-enrolment and the increased state pension could help minimise the future costs of workplace pension schemes. In a House of Commons debate yesterday, Opperman was faced with several questions about pension schemes’ fees and charges from Labour MP Kelvin Hopkins. Hopkins put to Opperman that all private pension schemes – […]