Prudential has kept the projected growth rate for its Prufund Investment Plan at 5 per cent net of charges for the next three months. Pru’s second projection for the product runs until February 24. This rate drops to 4.5 per cent for investors taking regular income.
Should IFAs be automatically turned down if they apply for the job of Aifa director-general?”No. I think it is disgusting behaviour. It is bad enough that we have to deal with whatever the regulator throws at us without our own trade organisation sticking the boot in as well.” David Pantry, Shiregem Asset Management”No. If anything, […]
The proportion of first-time buyers in the UK has fallen more rapidly than in any other country, according to research published by the Council of Mortgage Lenders.
Depolarisation final rules show that the FSA has decided not to include protection products on the menu.Responses to the consultation called for the regulator to exclude long term care products from the menu as they are not considered to be sufficiently mass market, but to include protection products as they form a large part of […]
Bradford & Bingley has confirmed the sale of Charcol to a consortium of investors including the former founders, as exclusively revealed by Money Marketing Online.
Three of our UK fund managers – Adrian Frost, Ed Legget and Mark Niznik – discuss the EU referendum and how it is affecting their portfolios. Click here for article
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Almost three years on from the start of the pension freedoms, people approaching retirement are looking for the most effective and efficient way to use the flexibility, while also balancing the various risks that come with this freedom of choice. While there are undoubtedly many opportunities, there are also challenges for both clients and their […]
Lighthouse has increased its pre-tax profits by nearly a third from £1.9m to £2.5m, according to annual results published this morning. The AIM listed firm attributed much of this performance to its advice arm – Lighthouse Financial Advice – doing better than expected. It generated significantly higher gross revenues than targeted and retained a greater […]
Financial services veteran Peter Mann famously reserved a chair at board meetings to represent the client, his view being the only thing that really matters is whether they have been served. Although he winces at being described as client-centric, the ex-Skandia chief executive and Old Mutual Wealth vice chairman’s focus on the customer extends to […]