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Profits increase by 9.5% at Perpetual

Perpetual posted a 9.5 per cent rise in profits in the year to the end of September despite the fund manager reporting "a more difficult sales environment". Profits increased to £59.6m from £54.4m but turnover fell by 13 per cent to £1.28bn from £1.46bn in 1996. But funds under management rose by 33 per cent to £8.8bn from £6.6bn.

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Power to the practitioner

Predictions of doom shortly after the introduction of polarisation have proved unfounded. IFAs are getting fewer but bigger and are becoming an increasingly important sales channel for product providers. What lies in store over the next five years? The big will get bigger The IFA market has traditionally consisted of a large number of small […]

Neill Clerk focuses on film-finance project

Neill Clerk Capital is launching Take One, the first public film-financing project since the July Budget. UK film-finance projects now qualify for a 100 per cent tax benefit. Take One will produce and acquire TV productions. The projected rate of return for the group is about 25 per cent a year. The offer is limited […]

Directors facing big pension review fines

Directors of the PIA&#39s biggest member firms face hefty fines in four months if they continue to drag their heels over the pension misselling review. The PIA has brought forward individual registration for directors of its 92 biggest members in a bid to speed up the long-running review. The contracts come into force on May […]

Strang quits Countrywide for Limra

Former Countrywide head of research George Strang has left the 800-member network to take up a position with the Life Insurance Market Research Association. Strang, 48, has been appointed as Limra&#39s director of research.

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

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