Six more adviser firms have joined Nucleus, taking the number of firms with a stake in the platform to 34. More than 200 advisers now use Nucleus, with assets under control at about 8bn.
Olivant has announced today that it has decided to pull out of the running for Northern Rock while the Virgin-led consortium and NR’s Board have confirmed their plans for the stricken lender.
The Bank of England has cut base rate to 5.25 per cent from 5.5 per cent today as was widely expected.The MPC judged that a reduction in rates by 0.25 per cent was necessary to meet the 2 per cent target for CPI inflation in the medium term.CPI inflation was at 2.1 per cent in […]
Mervyn King has been reappointed as governor of the Bank of England for a second five-year term.He became governor in July 2003 after being deputy governor from 1998 to 2003.Chancellor Alistair Darling says: “Mervyn King has played a key role in delivering macroeconomic stability in the UK and his leadership and experience will continue to […]
Sesame will stay in the Friends Provident fold as it gives the insurer a good insight into the adviser market.As part of its strategic review, Friends is to sell high-net-worth IFA firm Pantheon but will keep Sesame. Friends bought the two firms last May, paying £75m for Sesame and £33m for Pantheon.The life office says […]
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
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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 […]