New Star Asset Management is preparing to float in October. Plans to float last year were put on hold following poor performance of the equity markets but founder and chairman John Duffield says he is looking to go ahead after New Star’s nine-month results are published in September.
Bank of Ireland Isle of Man has established the guaranteed FTSE bond issue 7, a seven-year guaranteed equity bond linked to the FTSE 100 index.
Quotations from UnumProvident are now available on the Webline portal. Products include personal income protection, a primary protection plan, executive income replacement, essential abilities cover and a critical-illness plan.
Action by the Department of Trade and Industry to wind up a string of buy to let advisory and investment services is welcomed by the Association of Residential Letting Agents.The DTI announced it has taken action in the High Court to have these companies wound up in the public interest. Examples of practices that raised […]
F&C is appointed to manage 1.2bn of Swiss Life UK insurance assets, in a contract effective from July 1 2005. The appointment follows a tender process resulting from the sale of Swiss Life Groups UK life insurance business to Resolution Life Group.F&C manages 78.6bn of assets for European insurance clients, including Resolution Life Group, Friends […]
The managers of the Artemis Global Select Fund are buying back some of the equities they took profits in at the start of the year. To watch the video click here
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]