View more on these topics

Profits down at A&L

Alliance & Leicester pre-tax profits for last year were down to £396 million from £447m in 2000.

It says this reflects investment in the group which rose to £85m from £48m last year. It also invested £13m in building a small business banking division and suffered a £14m reduction in loan loss recoveries.

Its gross mortgage lending increased by 104 per cent to £6.1 billion and its net mortgage lending was £2.6bn.


A change of course

It is now generally accepted that the FSA intends to depolarise the retail financial services market in one form or another.Despite the prevailing caution among the industry, the good news is that, in a market without the constraints of polarisation and the better than best rule, incredible opportunities can open up for advisers.Those who accept […]

Policy Portfolio offers free Tep guide

Policy Portfolio is offering IFAs a free guide to cashing in end-owment policies to help clients who may have recently been made redundant.The company says significant jobs cuts are raising questions about how to fund periods of unemployment.It says many IFAs will have clients who have been compelled to liquidate some of their assets, in […]

Investing guide from Wesleyan

Wesleyan Assurance Society is producing a guide to investing aimed at helping consumers through the range of products available.The guide includes a self-help tool to assist investors in working out an investment strategy, as well as a glossary of financial jargon.Wesleyan&#39s newly appointed managing director Peter McNamara says: “This guide is designed to give investors […]

Progress sluggish for Euro single market

Rapid progress is needed if the European Union is to meet its objective of a single market for financial services in 2005, according to the “half-term” review of the EU financial services action plan last week.The plan was launched in 1999. President of the Euro-pean Commission Romano Prodi stressed the importance of achieving a single […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm