Property funds make up three of the six best-selling funds in the FundsNetwork Sipp. Invesco Perpetual high income was the top seller, with Norwich property trust third, New Star property fourth and Standard Life property sixth.
The Financial Services Compensation Scheme compensates customers of insolvent financial services firms. It gives customers confidence that most of their capital is secure and so helps encourage saving and investment. It has a small staff and resolved nearly 26,000 cases last year.
Norwich Union has regained its position as market leader in UK life business after a 43 per cent rise in business during the first half of this year. However, a decrease in persistency across NU’s UK pension and bond products cost the firm 35m compared with 5m in the corresponding period in the previous year. […]
A board reshuffle at Money Quest has seen managing director Steve Pollard become the company’s first chief executive officer and operations director Paul Reynolds move up to become managing director. The firm is taking on 150 new staff as part of expansion pans ahead of a planned flotation within the next couple of years.
Webline has announced the extension of its data integration capability with Bluecoat Software.This expanded facility allows the users of Bluecoat Softwares specialist product, FinPlan, to automatically transfer additional data from the Webline platform and save it directly in FinPlan. The data could include quotations, comparisons and new business submissions.The service is expected to go live […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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When Selectapension stopped executing defined benefit pension transfer advice last year, eyes quickly turned to its key partner firm: CFPML. A previously unknown entity, the FCA reviewed CFPML as part of its work, and a little big of digging from Money Marketing uncovered it was actually a two-man band advice firm just down the road from […]
The end of the “boom” in pension transfers could be in sight, consultancy the Lang Cat predicts. The Lang Cat has published its latest platform market scorecard, which found pension gross inflows to platforms dropped 16 per cent in the first quarter of 2018 when compared to the fourth quarter of 2017. This was compared to […]