Shares in Northern Rock fell back 5p to 558.5p on Tuesday after its shares surged by 14p to 564p on Monday after reports that the former building society is in takeover talks with Lloyds TSB.
Regarding the article headed, Beale Dobie Oeic is first to invest in Teps, I should inform you that Neville James Fund Managers became fund manager to the first Tep-based open-ended investment company (Oeic) in 1996. The With Profits Plus Fund capitalises on the benefits of guaranteed locked-in values offered by with-profits endowment policies and has […]
“Sexy poses in the boardroom? I'm game.” – Abbey National's Basil Larkins on playing up to the camera for Money Marketing. “It's something I pinched off the back of a bus.” – Standard Life Fund Management chief executive Alan Burton describing the new slogan for its ethical trust, An ethical trust which doesn't cost the […]
Apathy among Fimbra members could hold up the PIA's latest bid to kill off Fimbra, a leading councillor is warning. The PIA has mailed voting slips to 3,600 IFA firms which are still Fimbra members in a second attempt to wind up the regulator. But supporters of the plan, including Fimbra councillor Nick Conyers, fear […]
South African life office Liberty Life has amassed a £2.5bn war chest to spend on acquisitions. The company says it is looking at buying an international life office and has drawn up a short list of two or three targets. Any deal would see its London-listed subsidiary Liberty International break through into the FTSE 100. […]
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. Better-than-expected data on US jobs and a brightened outlook for global growth have contributed to the market’s strong returns, but domestic drivers have also played a big part in the recent rally. Kunal Desai, Manager of the Neptune […]
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]