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Neptune merges global funds

Neptune is to merge its £11m global income fund into the £548m global equity fund and will introduce an income share class on the combined Oeic.

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Aifa chairman Gummer calls on Sants to improve FSA’s European relations

Aifa chairman John Gummer has called on Hector Sants to improve the FSA’s relationship with Europe and learn lessons from the European Union to create more sensible regulations. Speaking at the Aifa dinner last night, Gummer said the priority for the new FSA chief executive was understanding the UK’s position within the EU and showing […]

BM Solutions launches new BTL products

BM Solutions has launched 30 new products in each of its three existing rental tiers in its BTL range.Rental incomes are now calculated on the product payrate throughout the entire range. A range of incentives, including valuation refunds and cashback, are also available on some deals. Examples of the products include a 5.25 per cent […]

Loyalty for life

The last month has seen Sainsbury’s and Tesco running promotions through their loyalty programmes to promote their life insur-ance but the move has been criticised by some advisers as a gimmick.

Manchester brokers banned for underwriting failures

The FSA has closed down Manchester broker M Young Legal Associates for leaving clients uninsured by selling them insurance without underwriting in place.The regulator has banned managing director Michael Young, also known as Mohammad Younas Yousaf, and financial director Asif Habib Malik for their roles in the affair.The firm advised on and sold after-the-event legal […]

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