Norwich Union paid out 86 per cent of critical-illness insurance claims in the first half of this year compared to with per cent in 2005, according to its latest Critical Insurance Claims Report. NU says a series of initiatives to drive down non-disclosure, including a campaign to educate consumers about the importance of full disclosure on applications, was behind the increase.
Most investors want two things from their investment – a stable return with as little risk as possible. One of the best ways to achieve this goal is through diversification at the asset allocation level, in other words, getting the right split between equities, bonds, property and cash at the right time.There are huge diversification […]
Equity income manager Graham Ashby joined Credit Suisse this week as managing director and head of UK retail equities from Sarasin Chiswell.
The mortgage industry has reacted angrily to the Institute of Directors’ call to scrap the buy-to-let tax break.The powerful lobbying body’s policy paper ‘Encouraging Savings: A better tax regime’ has the objective of providing an attractive scheme for the taxation of savings on a sustainable basis.The IoD claims that this would require a series of […]
Former Bates Investment Services head of communications Paul Ilott has joined Fidelity International as investment communications consultant for its multi-manager business.Ilott, who has 20 years experience in financial services, will be reporting to Fidelity’s multi-manager business managing director Simon Ellis and will help to drive a communication strategy for the business.In this newly created role, […]
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]