Smaller-cap stocks are at last returning to favour. Perhaps this is because the FTSE 100 now offers poor value. But the widening gap in the performance between small companies and the FTSE 100 has been a cause of considerable concern. In the US, where the penetration achieved by tracker funds is considerably greater than here, […]
Treasury economic secretary Helen Liddell is warning smaller firms conducting the pension review that they could be fined for missing deadlines. Liddell is turning her attention on smaller firms after conducting a six-month naming and shaming campaign against the biggest providers. Slow progress with the review could now see fines being handed out to smaller […]
West Bromwich Building Society has bought a £20m residential mortgage book from First Mortgage Group, bringing its group assets to over £2bn. The portfolio was acquired by subsidiary West Bromwich Mortgage Company. The move follows a £90m purchase of the Century Life mortgage book last November.
Liberty International Holdings is buying the rest of the shares of Portfolio Fund Management and injecting £5m to expand the business. It is buying the remaining 30 per cent after taking a 70 per cent stake in January last year. Liberty says Portfolio's funds under management have grown more than fourfold from £20m to £90m […]
By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]
What if we did not know as much as we thought we did? And what if some of what we learned was actually wrong? How would we find out? I do not have the answer but the recent introduction of a re-evaluation exam by the FCA and the Chartered Insurance Institute could be a step […]
Financial Ombudsman Service plans to review past decisions remain too process-driven despite an important change to how they will be judged says MP Nicky Morgan. FOS is planning to review decisions made soon after it reorganised in 2016, and has provided details of its proposed methodology to the Treasury select committee. It outlined a two-stage […]
Aegon has announced a 15-year contract with IT company Atos to service and administer 1.4m of its non-platform business customers. The clients hold a variety of different types of protection policies. Aegon will continue the administration and servicing of all platform policies and schemes across Aegon Retirement Choices, Aegon Platform (previously Cofunds and Investor Portfolio Service), TargetPlan […]