The Money Marketing team gave a fine account of themselves at Skandia Cowes Week, coming fourth out of 65 yachts, with rivals taking their beating with good grace.This was all the more remarkable following a 2am swim in the marina, much to the delight of Skandia’s Alex Jones, who could be heard in the next town screaming safety instructions from the pontoon. Jones claimed the mud down there is “deeper than we are”. MM reporter Paul McMillan, who could have been killed when the boom knocked him out over the water, was thrilled to have hung on and brought home the trophy. McMillan says: “Never again.”
July’s surge in equity markets and bond yields saw a fifth wiped off the pension deficits of FTSE 100 companies. This is the biggest reduct- ion in a single month since October 2003. It resulted in 12bn being cut from blue-chip pension deficits, leaving a 55bn funding gap. However, the aggregate fall in FTSE 100 […]
Three directors of two vintage wine companies who ripped off customers with bogus investments have been banned by the High Court from being company directors following a successful prosecution by the Department of Trade and Industry. Liquid Acquisitions Lim- ited directors Andrew Michael Dunne and Thomas Sloan of Bromley, Kent have been disqualified for 10 […]
My monthly rant is normally restricted to one topical subject so it is quite ironic that in a typically slow news month there is plenty to commentate on. In no particular order, here are some musings on four newsworthy items of late.
Stockmarket Linked Savings Bond
Strong underlying businesses and lower exposure to the energy sector make European high-yield bonds attractive, says Alex Ralph. To watch the video click here
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The Government says almost £5m was obtained by pension scammers in the first five months of 2017
Sales skills in themselves are not a bad thing. It comes down to whether they are truly being used for the benefit of the client, not the adviser.
The merged company owns three platforms: Parmenion, Standard Life Wrap and Elevate, but is promising to keep ring-fencing.