Kerry Nelson, the former Bates Investment Services adviser who helped set up its charity-based PR agency One Voice, has joined BIS' parent The Money Portal. Nelson, who left One Voice late last year, will take charge of communications at retail fund distributor TMP, which bought BIS last Autumn.
GMAC RESIDENTIAL FUNDING Two-Year Express Discount Type: Discounted-rate mortgage Discounted term: Until April 1, 2006 Discount: 1.85% Payable rate: 3.89% Minimum loan: £25,001 Maximum loan: Up to 90% of valuation subject to a maximum of £350,000, up to 85% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a […]
Bankhall must be one of the outstanding successes in personal finance product distribution in the last decade. Its approach allows new advisers to enhance their regulatory status and the range of advice that they can offer. Starting with non-regulated status via Point One, progressing to a network member authorised to carry out investment business, via […]
Standard Life's year end results show its financial strength is better than analysts had expected with available assets up 9.5 per cent to £4.6bn in 2003 from £4.2bn the previous year. Commerzbank analyst Roman Cizdyn says the mutual's cash surplus compares well with figures published by its main rivals in recent years. Cizdyn says: “The […]
Friday the 13th – never the best day to try anything hazardous – loomed large for Nick Bamford last week. Not only did the poor Informed Choice managing director schedule in a dentist's appointment for the morning but the Diary hears he was expecting to receive his PI quote later the same day.
By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]