Market Harborough Building Society’s 55,000 customers are to get access to whole of market advice through a deal with mutually owned Skipton Financial Services.MHBS customers will get acc-ess to general investment and ret- irement planning, inheritance tax planning, will writing and estate planning from Skipton’s 120 whole of market advisers. The relationship has come out of Mutual One, a joint venture between eight societies to help smaller mutuals. Skipton is the biggest shareholder with a 77.5 per cent share of the group. SFS is a wholly-owned subsidiary of multi-channel business Skipton Group. The partnership, the first of its kind for SFS, launches on August 22. SFS has no current plans to open up the service to other mutual members but has not ruled out the possibility of further relationships in the future. MHBS chief executive Philip Dearing says: “Customers have been very interested in obtaining advice, particularly for inheritance tax planning.” SFS managing director Simon Holt says: “We have prepared a full launch programme so the message of an enhanced service offering from their local building society will be communicated out to MHBS members throughout the UK.”
Nationwide is making changes to its reservation fee payment options, effective from last Monday.In addition to the 389 fee up front, or paying no fee with a higher interest rate, borrowers can now opt to add the fee to their loan.
Premier Asset Management is to acquire the 63m Solus Eastern Enterprise Fund from KBL for an expected 1.91m.The assets will transfer to the Premier Eastern enterprise fund, a sub fund of Premier Funds. The 1.91m consideration is broadly equivalent to 3 per cent of the NAV of the fund, and will comprise an initial consideration […]
John Howard is to take over as chairman of the Financial Services Consumer Panel from October, replacing Ann Foster who has been chair since 2003. Howard is a journalist, broadcaster and qualified solicitor. He has been a member of the panel for four years.
Hedge funds have traditionally been the preserve of the very wealthy but a recent move by the FSA to con- sult on whether they should be made available to retail investors has resurrected a long-standing debate.
Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]
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