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M&G to delay Isa ads

M&G is holding back on its winter advertising drive, predicting that the Isa season may not start until as late as March.

Managing director of UK retail Phil Wagstaff says its major ad campaign will not start until the end of January. M&G believes the Isa season will not begin until March rather than the New Year.

Wagstaff says: “I think the Isa season will start late for two reasons. The longer we go into Q1, the greater the opportunity there is for markets to recover. The greater amount of time which passes after September 11, the more likely investors are to start putting their money into the market.”

Plan Invest joint managing director Michael Owen says: “The population is probably not ready to invest so M&G has a point. But I do not agree with writing off January. We will be trying hard to sell in January.”


End the loose talk on 1% world, says Hunt

Aifa chairman Lord Hunt of the Wirral has demanded the industry stop its loose talk of the 1 per cent world, saying it is little more than a slogan. He also warned that changes to polarisation could see the industry revert to sales-based and not advice-based behaviour and provoke a scramble for distribution. Introducing Ron […]

Aegon UK appoints industry development head

Aegon UK has appointed Peter Williams, 47, in a new role as head of industry development.Williams, who was previously Scottish Equitable IFA training manager, will be aiming to develop Aegon UK&#39s relationship with trade and industry bodies along with director of corporate communications, Laurie Edmans and director of pensions development, Stewart Ritchie.He has been with […]

UBS Asset Management appoints retail sales head

UBS Asset Management has announced the appointment of Simon Goodge as head of retail sales.Goodge joins from Gartmore, where he was head of intermediary and asset management sales. He has been with the fund manager since 1991, and worked in retail sales since then. His role with UBS will be head up the retail sales […]

Sandler stuns IFAs with client commission claim

Ron Sandler has stunned IFAs and providers by suggesting that IFA clients are only satisfied because they think advice is free when it is really an opaque loan paid for through commission. Speaking at last week&#39s annual Aifa dinner in London, Sandler, head of the Treasury-commissioned review into the long-term savings industry, said: “If it […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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