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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O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]
deVere Group’s subsidiary UK Workplace Solutions has had regulatory approval to acquire WPS Advisory, which used to trade as Priscum Direct. UK Workplace Solutions was granted the approval notice from the FCA and will merge WPS under its own brand. deVere Group chief executive Nigel Green says WPS Advisory will focus on people facing “tough […]
If you agree with the premise that funds with high charges generally underperform those with low charges, then you must also agree a portfolio that accrues high costs will generally underperform one with lower costs. And if you accept this, the obvious conclusion is to hack away anything that increases that cost. Switching from higher-priced […]