View more on these topics

Pru halts bonus rate slide

The Prudential has halted the slide of its annual bonus rates, announcing it is to keep bonus rates the same on its Prudence bond.

Last year the annual bonus on the PruBond was 3.25 per cent, with 375,000 investors in the bond. The Pru say that in the current market conditions there is no need to make any more interim announcements on the bond&#39s annual bonus levels until scheduled in February 2005. A full bond rate announcement for its with-profits policies is to be announced on February 24 with its full year results.

Prudential UK chief executive Mark Wood says: “The strength of our fund and its diverse asset mix has enabled us to weather the tough markets of recent years which is good news for people saving and investing in their plans with the Pru. To reassure our PruBond savers we have announced the PruBond annual bonus earlier than usual.”


Swiss Life protection deal with Unum

Swiss Life UK has closed to new business after an admin agreement with Unum Provident.Swiss Life UK&#39s group income protection claims portfolio is now reinsured with Unum while Claims Services International, a Unum subsidiary, is administering the claims.Unum will become a Swiss Life network partner, meaning that Unum can provide group risk cover for the […]

Quester searches for top-up

QUESTER CAPITAL MANAGEMENT QUESTER 5 VCT Type: Venture capital trust Aim: Income and growth by investing in unquoted companies Minimum investment: Lump sum £3,000 Opening/closing date: November 17, 2003/March 31, 2004 for 2003/04 tax year, April 30 for 2004/2005 tax year Charges: Initial 5%, annual up to 2.5% Commission: Initial 3% Tel: 020 7227 3333 […]

Base rate sticks at 3.75 per cent

The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month, a decision that was widely expected by the industry. Charcol senior technical manager Ray Boulger says: “It would have been a major surprise had base rate changed today. Key rate change stimuli has eased recently, in particular general […]

FSA thwarts cherrypicking with new data rules for ads

The FSA is imposing rules to standardise the presentation of fund data in a bid to prevent groups cherrypicking favourable time periods when displaying past performance in advertising.The rules, which were exclusively revealed in their proposed form in Money Marketing last March, insist that past performance is accompanied by a table showing five-year discrete annual […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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 thought leadership.

    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