View more on these topics

M&G tops Isa spend with £1.33m

M&G is leading the Isa season spend on press advertising, according to new figures from Thomson Intermedia.

M&G spent a total of £1.33m on press advertising in February, accounting for more than 12 per cent of the industry total of £10.62m.

Fidelity is second with a spend of £1.23m while Legal & General was the only other provider to spend over £1m on Isa advertising, with £1.06m for the month.

Smaller houses, New Star and ABN Amro, both featured among the top 10 spenders in February, with spends of £583,000 and £414,000 respectively. However, bigger players Invesco Perpetual and Gartmore both fell outside the top 10, spending just £312,000 and £331,000 respectively.

Equity income funds and corporate bond funds have been this year&#39s best sellers. Signs of how fund managers have fared in terms of sales are still thin on the ground

M&G director of corpor-ate communications Simon Anderson says: “We felt it was very important that we continued to support IFAs by maintaining a strong advertising presence which encourages customers to invest. Our new advertising campaign has been a huge success and we have continued to grow our market share in the intermediary channel.”


Gartmore appoints UK smaller companies fund manager

Gartmore is appointing Rob Giles as senior UK smaller companies investment manager, reporting to team head Gervais Williams.Giles was previously at Singer and Friedlander from 1995, where he focused on the small and mid-cap sectors of the UK stock market.Williams says: “Rob brings a breadth of experience to Gartmore that will complement the team.”

GMAC-RFC sub-prime business quadruples to £1.8bn

GMAC-RFC claims it is the leading lender in the sub-prime sector after reporting a surge in new business last year, with lending up to £1.8bn from £660m in 2000.Over the past two years, GMAC-RFC says it has quadrupled its lending figures and is now recognised as a major lender in the mainstream market as well […]

Village people see home values rise

One-third of first-time buyers would have reconsidered the location of their home if they had been given more information before they moved in, according to research from Virgin One.Its Cappuccino Test report questioned homeowners and estate agents on what makes an area up and coming, how they spot prosperous areas and the top turn-offs of […]

UnumProvident claims breakthrough with three-tier critical cover product

UnumProvident is looking to shake up the critical-illness cover market with an individual product which it claims could slash premiums by as much as 50 per cent.Elixia 123 has three tiers – life-threatening, disabling and traumatic – with premiums varying depending on the level of cover required.Policyholders can split the sum insured between the tiers […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm