The cost of integrating m-link and AssureWeb pushed the losses on Misys's portals to £5m for the six months ending November 30.
In a trading statement Misys said its financial services division had performed “well”, and said the cost of assimilation of DBS was £2m. Offloading Screentrade, Misys's business-to-consumer arm, cost £3m.
Canadian investment house Alpha Toronto is moving into the UK IFA market with an innovative new legal fund investing in “no win no fee” litigation. The fund offers a yield of up to 11.25 per cent a year over three years or 10.75 per cent a year over 18 months. Quarterly and monthly inc-ome options […]
Legal & General is building on the theme of capital protection with the introduction of the second tranche of its protected portfolio. Protected portfolio II has a five and a half year term, which is six months longer than the previous edition. It is linked to a portfolio of 30 stocks that are taken from […]
Perhaps it's just the time of yearOr then again it's too much beerBut a piece for Money Marketing is dueI can't face it – what to do. All this talk of regulationWhen it's time for celebrationSandler, Myners and all the restAre going to put us to the test. But for now let us reflectOn how […]
Thursday, December 13, 2001.Type: High interest account.Minimum-maximum investment: £1,000-£250,000.Interest rates: 4 per cent gross a year, 3.75 per cent gross amonth.Term: 12 months.Offer period: Until further notice.Withdrawal penalties: No withdrawals permitted during term.Tel: 0845 4584458.
Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]