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.
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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 […]
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Sign up Lib Dems up campaign for state pension equality
The Liberal Democrats have stepped up their campaign for state pension equality, asking new pensions secretary Amber Rudd to address the reasons why women face lower pensions than men. The party has again called for progress on helping women born in the 1950s hit with state pension age rises, a cause popularised by the Women […]
PLSA signs up to Treasury’s gender diversity initiative
The Pensions and Lifetime Savings Association has announced it is one of 33 new signatories that has signed up to HM Treasury’s Women in Finance Charter today. This has pushed up the number of firms that have joined the initiative to improve gender diversity within financial services to 300. These range from global banks to […]
Borrowers spend billions in unnecessary interest: Private Finance
Private Finance has concluded that a borrower on an average standard variable rate could save over £4,500 a year by switching to a two-year fixed rate deal. The mortgage broker says, in total, borrowers pay £15.4bn a year in SVR interest, with the typical rate on a 75 per cent LTV loan being 4.39 per […]
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