View more on these topics

Manulife&#39s sterling pledge on Canada Life

Canadian giant Manulife Fin-ancial has confirmed that it would pay Canada Life UK shareholders in sterling if its hostile bid for the company is successful and they elect to take cash rather than shares in Manulife.

Manulife has written to all Canada Life&#39s 200,000 shareholders, 60,000 of whom are in the UK and Ireland, with an offer that could net shareholders an average of £4,000.

Canada Life, which demutualised in 1999, has said the offer materially undervalues the company and has urged shareholders to do nothing until it responds.

Manulife president and chief executive officer Dominic D&#39Alessandro says: “We have had many calls from shareholders and a common theme has been a preference for receiving cash payment in local currency. We are happy to make it clear that any payment will be in their local currency.”


Multi-managers forecast to take 30% of market

Single-manager funds face losing market share as increasing numbers of IFAs switch clients into multi-manager funds, claims Bates Investment Services.Head of research James Dalby says investors are becoming disillusioned at the double whammy of poor fund performance and rapid manager turnover which has characterised the industry over the past three years.He believes that IFAs, who […]

IFA clients much more likely to buy Isas

IFA clients are six times more likely to invest in an Isa over the next three months than investors who shun advice, according to research from Fidelity.In a survey of almost 2,000 investors conducted by Mori in November and December, 55 per cent of those with an IFA said they intended to buy an Isa […]

Newcastle brings out third property bond

Newcastle Building Society has brought out the third issue of its guaranteed property bond. The bond works in a similar way to guaranteed equity bonds that are linked to stockmarket indices, but it is linked to the performance of the Halifax House Price Index for five years. To calculate the final returns, the level of […]

Principle buoys can act to prevent a pantomime of ethics

One of the FSA&#39s discussion papers released at the end of last year has to a large extent gone unreported. There has been only a brief comment here and there about discussion paper 18, An Ethical Framework for Financial Services.I think it is vitally important that the FSA should be asking questions about the industry&#39s […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm