Specialist lender Paragon has announced a 13.4 per cent jump in operating profits to £35.5m from £31.3m for the year to September 30, 2000. New lending has risen by 22 per cent to £510m from £419.7m and the cost to income ratio down to 40 per cent from 45 per cent. It also announced operating expenses fell 1.3 per cent down to £30.6m from £31m.
View more on these topicsNews
Horlick says regulation stopping fund start-ups
Excessive regulation will prevent entrepreneurs from building fund management businesses from scratch, warns SG Asset Management joint managing director Nicola Horlick.Fund managers such as Perpetual and Jupiter have proved in the past that it is possible to build top 10 managers from a standing start.But Horlick believes the cost of regulation and compliance costs are […]
Standard outlines group pensions options
Standard Life has revealed the new fund management options for its group pensions for larger employers. This is the first time Standard has linked up with external managers in this market. The list includes Philips & Drew Life managed fund and Fleming Life Global Equity Pension Fund.
iShares bring in new US-style fund
Woodward adds: “iShares is trying to replicate the success in other countries of exchange traded funds. It is probably easier in the US because of the range of execution only stockbrokers over there. Lots of retail investors in the UK have not used a stockbroker and so I think that there is some chance that […]
Hammer home the independent message
The outcome of the investigation into pol arisation is questionable to say the least. What is difficult to understand is that we are told we have a listening Government that positions itself as the people's champion. Yet, quite evidently, consumer concerns have been overridden by the politics of the day.We are now seeing a scen […]
UK Outlook 2017: Overseas earners will be key amidst 2017 inflation
By Mark Martin, head of UK Equities, Neptune A by-product of sterling weakness is inflation, and we expect this to continue to gather steam over the coming months, with energy and food prices the hardest hit. The full impact of sterling weakness is yet to impact the prices paid by consumers due to the hedging arrangements […]
Newsletter
News and expert analysis straight to your inbox
Sign up
DB paraplanner appoints liquidator after restriction strangles income
Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
Tony Wickenden: More pressure on shielded UK business profits
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]
Why protection acceptance rates need more promotion
The FCA recently published feedback on its Call for Input on access to insurance. While this was focused on the ability for people with pre-existing conditions to get travel insurance, it will have wider implications for the protection market – and rightly so. Too many consumers feel they are uninsurable, having been refused cover, even […]
Comments