FSA chairman has attacked the EU for its handling of the markets in financial instruments directive at the FSA conference last week. He branded the EU irresponsible for failing to conduct a cost benefit review before issuing the directive and said it was far from clear that the benefits to the UK would outweigh the costs.
The company set up to process split-cap compensation claims received 39,500 completed application forms by the July 18 deadline. Forms were distributed at the end of April by Fund Distribution, which expected to get around 50,000 applications. Fund commissioner Mike Ellis says the applications will now be assessed to determine eligibility for compensation. Investors suffering […]
SVG Investment Management, a subsidiary of FTSE 250 listed private equity business SVG Capital, has established the strategic equity capital investment trust.
Investment funds under management for June 2005 were up by 19 per cent on figures for June 2004 at 298bn. Isa funds under management of 41bn also rose by 21 per cent.
Premier Fund Managers has brought out the Pan-European Growth Plan – Limited Editions No 27.
By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]
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Paradigm Partners was listed on the stock exchange this year as part of Tatton AM’s float IFA support business Paradigm Partners added four new members in the six months to 30 September 2017, according to a statement from Tatton Asset Management. Tatton released a pre-close trading update this morning, which says membership at Paradigm increased […]
The insurer says bulk annuities are a “significant growth area” for its UK business Aviva has completed a £600m bulk annuity deal with the Pearson Pension Plan, its biggest deal to date. The deal is a pension buy-in transaction that covers the liabilities of around 2,400 members. Aviva already provides workplace pensions, protection and health […]
The FCA is calling on firms to design more products that are tailored to older consumers. In a speech yesterday, FCA life insurance and financial advice director Linda Woodall said that as the population ages, it was increasingly important that the elderly received support when they engaged with financial services, including when thinking about retirement. […]