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Millfield approves £16m share issue

The board of Millfield Group has approved proposals announced last month for a £16m share issue and joint venture with AM Corporation of Australia.

Revenue raised in the share issue will fund the group&#39s IFA acquisition programme and the development with the Australian financial services provider of Lifetime Software Management, a portfolio management software tool.


West Brom and NU link arms for bond

West Bromwich Building Society has teamed up with Norwich Union to offer the combined portfolio plus bond.This combination bond consists of a one-year fixed-rate bond from West Bromwich Building Society and a unit-linked bond from Norwich Union.Investors with at least £10,000 must put 30 per cent of their capital into the West Bromwich guaranteed growth […]

&#39With-profits firms will secure their future&#39 – Save and Invest

With-profits providers will rise to the challenge of the Sandler review and secure themselves a future, claims Save and Invest.The with-profits product has received a battering from critics recently but Save and Invest remains confident that the product will weather the storm of the Sandler and Pickering reports.Save and Invest managing director Jeffrey Deans says: […]

Exeter PMI goes euro friendly

Exeter Friendly Society has established interplan euro, an individual private medical insurance (PMI) plan aimed at expatriates.The plan is designed for expatriates living in Spain, Portugal, Gibraltar, Italy, Greece, Holland, Germany or Scandinavia for at least 180 days a year. It has three levels of cover and offers benefits including inpatient & daypatient cover, outpatient […]

Fund firms &#39must release more data to boost share prices&#39

Accountants PricewaterhouseCoopers is urging fund management groups to disclose more information about their businesses to reassure nervous investors and boost share valuations.In a study published this week, PwC found that around half of fund managers in North America, Europe and the Asia-Pacific region believe their shares are underpriced, implying that analysts made a mistake when […]


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