Resolution Asset Management has hired advertising agency RPM3 to create a major new brand campaign for the group in the New Year.
Nationwide and Halifax have become the first major lenders to confirm they will increase their rates following yesterday’s 0.25 per cent base rate rise to five per cent.Nationwide’s base mortgage rates will be increased by 0.25 per cent from 6.24 per cent to 6.49 per from December 1. Changes to tracker mortgages will move in […]
Money Wise IFA director David Underwood is retiring and is being replaced by new recruit Richard Armstrong, who joins from Regent IFA. Underwood will continue working for the firm in a part-time mortgage adviser role.
Edeus says it will be able to offer mortgages on brokers’ iPods within two years as the technology revolution gripping the mortgage market continues. The firm is also predicting that underwriters will even- tually die away together with call centres and the need for signatures on a mortgage application. Edeus managing director Alan Cleary urged […]
Vertex Financial Services has extended its outsourcing contract with Gartmore creating a new subsidiary Jessop Fund Managers. The new company will enable Gartmore to hand over their admin and regulation responsibilities of their personal pension unit trust range to Jessop. Gartmore will retain the management of the investor monies within their funds and the underlying […]
Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]