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M&G outsources retail admin

M&G is outsourcing its retail admin service to International Financial Data Services by the end of the third quarter in 2003.


&#39Give IFAs immunity for pension advice&#39

The Government should offer misselling immunity to IFAs giving pension advice to people whose benefits could be means-tested, says Scottish Equitable pensions development director Stewart Ritchie.Ritchie made his call after Department for Work and Pensions Secretary Andrew Smith indicated the forthcoming Pensions Green Paper will not touch on the new pension credit and the interaction […]

Zurich offers joint tied and independent deal to IFAs

Zurich Financial Services is changing strategy in its bid to recruit IFAs to its advice network and is approaching IFAs with a joint independent and tied proposition.Zurich IFA managing director Jim Reeve says Zifa and Zurich Advice Network are talking to IFAs jointly as part of a “holistic aligned distribution policy” as there will be […]

Gartmore cautious fund will be run by new chief

Gartmore is to offer a cautious managed fund in January run by new UK head of equity income Chris Burvill, who joins the group this week from Investec Asset Management.The fund, a sub-fund of the Gartmore investment series II Oeic, will aim to provide income of 4.5-5 per cent a year with long-term capital growth […]

London hit by house price falls…

November has seen the first fall in house prices this year to an average of £155,199 from £155,467 in October, according to property website Rightmove.It says the 0.2 per cent fall has mainly hit London properties, especially at the £750,000-plus end of the market, while prices elsewhere in the UK are mostly holding up well.Rightmove […]


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