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Nationwide sees house prices cooling

The housing market is cooling off as consumers lose confidence, according to Nationwide&#39s latest house price index.

But Nationwide says although the underlying demand for houses may have slackened in May and the increase in prices was weaker than expected for the time of year, there is no reason to panic that the market is heading for a significant downturn.

Figures show the average house price was up by just £113 in May bringing the average house price to £81,006 for the month, compared with April when the rise was £1,500.


Zifa apppoints protection marketing director

Zurich IFA Group has appointed Kevin Pearce as its new protection marketing director. From this month Pearce will take over from John Ravenscroft who has retired. Pearce, 41, has 23 years experience at Allied Dunbar. Zurich is hoping Pearce will strengthen its relationship with IFAs.

PR firms pitch for ScotAm account

A four-way battle is being fought for the Scottish Amicable publicrelations account.Money Marketing has learned that PR giants FirstFinancial, LansonCommuni-cations and Consolidated Communications and ano-ther company aremakingpitches for the account.Luther Pendragon currently represents Scottish Amicable but has decidednot to seek to renew the account.Prudential, which owns Scottish Amicable, says all its subsidiaries mustseek new bids […]

Free-standing review shakes IFAs

At first sight, the newly launched review of FSAVCs is not as limited asit was set out to be.The finalised plans include a catch-all clause which says that anyone whowants a review of their top-up policy can request one.This extends the review beyond the categories which were originallyidentified as high-risk and has sparked fears of […]

MCCB to probe big IFA firms&#39 mortgage sites

Investment manager Greig Middleton sponsored the Ladies Open ChampionshipHunter Chase Final at Uttoxeter last week. Director Stephen Clark says:“Point-to-point meetings offer tremendous entertainment in an informalsetting and reinforces our name in the private client and corporate financemarkets.”The Mortgage Code Compliance Board is planning to meet big IFA firms tocheck their websites and mortgage-sourcing software contain […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]


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