Mutual societies are outperforming plc life companies when it comes to with-profits by as much as 26 per cent, according to the latest survey carried out by Investment, Life & Pensions Moneyfacts.
The FSA says intermediary firms should stay out of the equity-release market if they cannot commit significant resources to back a push into this area.Speaking at the Mortgage Business Expo, retail distribution and mortgage team manager Sonja Dullaway said: “Firms must go into the market and commit to doing it properly or stay out and […]
Work and Pensions Secretary John Hutton says that appointing a board of trustees to run personal accounts will be absolutely critical if the scheme is to be a success.
A widower seeking to minimise IHT on his estate would do well to consider a portfolio of Aim shares.
Ambassador of Huddersfield and SimplyBiz chairman Ken Davy will meet the Queen this week when she visits the town’s new Media Centre. Davy will explain the positive impact that the Galpharm Stadium and the partnership between the stadium, the town’s major sporting clubs and Kirklees Council have had on Huddersfield.
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 […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]