Mortgage lending halves in Q4 2008
Mortgage lending almost halved to £45bn in the fourth quarter of 2008 from £86.6bn in 2007. Repossessions surged by 68 per cent to 46,750 last year from 27,900 in 2007.
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Abbey reduces fixed rate
Abbey has reduced the rates on some of its fixed rate mortgages.
SVM gets to the long and short of it
SVM Asset Management has brought out a UK equity fund that will use shorting techniques through derivatives to benefit from falling share prices.
Myners was warned Goodwin’s pension would be “enormous”
Banking Minister Lord Myners was warned that former RBS chief executive Sir Fred Goodwin’s pension would be “enormous” before the RBS board signed it off.
Stellar finds space in the storage sector
Stellar Asset Management
The Stellar Income Fund
Industry under fire over pension freedoms
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
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SJP plans 10-day blackout for replatforming
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
Can advisers really beat the market downturn?
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
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Tom Hegarty: Should paraplanners be Level 4 qualified?
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]