Pay-outs on Premium Bonds reached record breaking level in the last financial year according to the latest figures from National Savings.
Ernie was more generous than ever before paying out nearly 7 million prizes worth approximately £540m.
The record prize pay-outs come at a time of increasing popularity for premium bonds with an average investment of £302m a month. March sales reached a record £386.3m.
National IFAs are set to dominate the financial services marketplace according to KPMG Corporate Finance partner John Riddell.In his PIMS presentation Riddell predicted that networks will aim to set up their own national broking houses, while new national will be formed by aggressive, fast growing IFA firms and regional players seeking to grow their businesses […]
The Institute of Financial Planning will seek an alliance with Bankhall and IFA Portfolio after the merger of the support services giants is completed.The professional body believes the merged organisation will offer it access to many IFAs likely to embrace the financial planning message.IFP chief executive officer Nick Cann says "The Bankhall deal is a […]
Old Mutual Unit Trust Managers has appointed Chris Lynch as Investment Manager for the South West Region.Lynch will be responsible for intermediary sales and servicing of unit trusts and Isas within the region.He joins Old Mutual from CGU where he worked as a consultant at its Bristol office.
Martin Currie Unit Trusts is launching a portfolio service offers investors the choice of either growth or income through the use of two of the company's managed funds, the Income Portfolio and the Growth Portfolio.Both funds have a Standard & Poor's Fund Research A rating.The minimum investment is £10,000, although for investors wishing to receive […]
Edenred has partnered with Johnson Fleming to launch an auto-enrolment solution for small to medium-sized enterprises (SME) that will help employers fulfil their pensions obligations.
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A new FCA committee has set the timeline for its fee template for asset managers as it publishes details of how it will go about its analysis. Money Marketing earlier this week the disclosure working group set up by the FCA following its final report into the asset management industry was about to set out the objectives […]
I caught up with some industry friends for a couple of drinks the other week. Nothing new there, those of you who know me might say. Over evening drinks the three of us, who are all engaged, compliant business principals, sat and chatted through the issues we are all currently facing. Recruiting and retaining quality […]
The Government has outlined plans for post Brexit financial services regulation in the UK to ultimately diverge from the European Union. Brexit secretary David Davis met with City leaders last week at Chevening, foreign secretary Boris Johnson’s country residence, the Financial Times reports. Davis told a breakout session for financial services that the UK would lose potential competitive gains […]