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Money Marketing&#39s parent company to be floated

Centaur Communications, the parent company of Money Marketing, has been sold and is to be floated on the Alternative Investment Market on March 10.

A newly created company, Centaur Holdings, is to buy the privately owned publishing house, which has been valued at approximately £145m. The acquisition has been funded by around 40 City institutions including pension funds and life companies.

The initial placing at 100p per share has been fully underwritten by stockbrokers and investment bank Numis Securities.


Let&#39s expose worst companies with an award ceremony

I have often remarked to my colleagues on the annual awards for good service that we read about. I believe that the industry should take up an award for the opposite and expose those who are not really giving us the service that we deserve. I believe it is known as name and shame. I […]

Nothing is free

I refer to recent correspondence on who pays for adding a five-year capital guarantee to a with-profits policy. To say policyholders do not pay as the cost comes out of the free assets is typical of the lack of transparency in with-profits. What this explanation fails to point out is the free assets come from […]

Investment Trust Isa sales down 35 per cent

Purchases of investment trust Isas through investment trusts and their managers sunk 35 per cent in 2003 according to the latest statistics from the AITC. Isa sales fell to £61m in 2003 from £93.2m in 2002. The total purchases of Isas through investment trusts and their managers in Q4 2003 decreased 2 per cent to […]

FSA says Menu will reduce overpaying risk

Firms will be required to present clients&#39 payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA&#39s new pricing menu.The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu &#45 which will show both […]


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