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Northern Rock Guernsey goes halves

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Naked truth about industry proposals

The tale of the emperor&#39s new clothes sprang to mind last week as I watched the posturing by the Investment Management Association as the brave in its midst came back from holiday and launched into an attack on Sandler&#39s conclusions regarding active fund management.The initial timidity of our industry perhaps explains why we are in […]

Bristol & West – Global GEB Mini Cash Isa 5 Year Issue 1

Wednesday, 7 August 2002 Type: Capital protected Isa Aim: Growth linked to the performance of the FTSE 100, Nikkei 225, SMI and S&P 500 Minimum-maximum investment: £3,000 Investment choice: Deposit account Term: Five years Guarantee: Capital returned in full at end of term regardless of movement in indices Return: 70% of average growth in indices […]

Friends cuts payouts in wake of £242m losses

Friends Provident has cut with-profits payouts by 6 per cent after writing down £402m in investment losses.It made an operating profit of £161m in the first half of this year but the investment writedown brought an overall loss of £242m compared with a profit of £19m in 2001.The company says it needs to reduce payouts […]

New pension quotation service from The Exchange

The Exchange is launching a new comparative quotation service that enables IFAs to compare pension products and providers on retirement benefits, fund values, charges, transfer values and product features.The service offers compliant customer specific quotes and illustrations for individual pension products. The Exchange general manager Sue Summers says: “Pensions are becoming an increasingly complex area […]

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