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Mercury&#39s offshore business up 55 per cent

Mercury Asset Management has posted a 55 per cent increase in sales of offshore funds for the six months to June 30.

The fund manager attributes its success to performance of its funds within the Mercury Selected Trust, a sterling denominated offshore investment range, 85 per cent have achieved average or above average returns.

MAM&#39s retail sales director James Charrington says: &#34Despite the muted impact of Isas across the industry, Mercury&#39s efforts to support IFAs through highly visible advertising and enhanced sales literature have clearly had an effect.&#34


Watson Wyatt cautiosly welcomes flexiblity on AVCs

Watson Wyatt welcomes the Inland Revenue&#39s decision to allow flexible payment of additional voluntary contributions, but says it is concerned about the method chosen to implement the changes.The Revenue has decided that if AVC benefits are to be taken before those of the main scheme, it must be paid in the form of income drawdown.Watson […]

The Telegraph launches financial advice service

Sedgwick Financial Services and The Telegraph are set to offer independent financial advice to the papers readers.The new service will be branded Telegraph Independent Financial Advisory Service and will initially be available to 5,000 selected readers on a trial basis.Sedgwick&#39s practice director Andrew Oliver says: &#34We are particularly pleased to see a major brand such […]

Zurich Financial Services chief wins award

Zurich Financial Services chief executive officer Sandy Leitch has won the Business In The Community&#39s &#39Prince of Wales Ambassador Award&#39.Leitch picked up the award for his work for charity. It is in recognition of his outstanding leadership and commitment to corporate social responsibility.He was presented the award by Prince Charles.Leitch says: &#34I believe passionately that […]

Scottish Building Society cuts mortgage rate

Scottish Building Society has cut its mortgage base rate by 0.15 per cent.The cut reduces the Society&#39s base rate to 6.6 per cent from 6.75 per cent. It is applicable to both new and existing customers, and takes immediate effect.


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