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ProACT service aids IFAs on claims

ProACT Legal is launching a service to counter the class actions on split caps and endowments affecting IFAs.

Partner Gareth Fatchett says many claims are being manufactured by “trying it on” assuming that IFAs will pay up.

The firm offers IFAs a package service including standard letters.


Widows hails menu choice

Scottish Widows has welcomed the FSA&#39s move to ditch the defined payment system in favour of the menu proposal put forward by Aifa.Widows had opposed the DPS and its CP121 response, together with parent Lloyds TSB, was sharply critical.It was one of the product providers which worked on expanding the menu proposal put forward in […]

Highest monthly house price rise says Halifax

UK house prices rose by 4.7% in October, the biggest recorded monthly increase yet, according to figures from Halifax.House prices are continuing to increase in the mainstream markets in London and the South East. The North, Yorkshire and the Humber and the South West, however, experienced the biggest price rises in October.Halifax Chief Economist Martin […]

Prudential – Prudential Growth & Income Plan

Wednesday, 6 November 2002 Type: Guaranteed equity bond Aim: Income or growth linked to the performance of the FTSE 100 indexMinimum-maximum investment: £7,000-£1m Term: 5 years Guarantee: Original capital returned in full at end of term provided the index does not fall by more than 40% Return: 8% gross a year income, 0.62% gross income […]

Nichola Pease

Northerners often refer to themselves as no-nonsense straight-talkers and JOHambro Capital Management chief executive Nichola Pease is no exception.Northumberland-born Pease may be the chief executive of a fund management house but she has none of the associated pinstriped trappings. Power-dressing and talking herself up are most definitely not the way Pease operates.The 41-year-old has an […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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