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.
News and expert analysis straight to your inbox
Sign up
The government will not rush into a “single saving intervention” for self-employed workers because such a move could be counter-productive, Pensions minister Guy Opperman says. In a letter to work and pensions select committee chairman and MP Frank Field, Opperman says testing and understanding what works is critical to any good intervention. Opperman was responding […]
St James’s Place is positive about the growth of its 250-strong academy despite reporting a loss in its advice arm for 2017 earlier this month. The restricted advice giant posted a loss of £35.4m for 2017, an increase on the £24.8m loss in 2016. A breakdown of SJP trainees provided to Money Marketing by the […]
Planning strategies to make the most of the residence nil rate band
Comments