Leeds & Holbeck Building Society has appointed David Furness to a new position of director of sales and marketing with overall responsibility for development. The development role at Leeds & Holbeck will encompass sales through the branch network, call centre and third party relationships.
Below and on the right we publish the FSA’s example of a menu given in an annex to the regulator’s rules published last week for depolarisationFirms will have until June 1, 2005 to provide consumers with a copy of the menu and initial disclosure document which are published on these pages. Companies which choose to […]
The world’s third-biggest manager of manager provider MLC has revealed a new pricing structure which is aimed to tap into a growing self-invested personal pension market.
Wrap warning over pensionsWrap propositions will be limited in their ability to take advantage of the restructuring of pension investment ahead of A-Day because they do not offer fully integrated pension facilities, says financial research company Defaqto. Its report says the lack of integration and doubts about the scope of investments permitted means take-up of […]
F&C’s venture capital trust team are leaving to start their own investment boutique but will continue to run F&C trusts on an outsourced basis. Bill Brown, Robert Mitchell and Stuart Rollason will set up a boutique in the new year specialising in smaller and fledgling companies. The team have approval from each of the boards […]
Even over the long term, real interest rates aren’t expected to rise much above 1 per cent. So where may investors find income? James Foster and Jacob de Tusch-Lec, co-managers of the Artemis Monthly Distribution Fund, examine the opportunities Last December, the Bank of England asked two big questions. First: how far have ‘real’ interest […]
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]