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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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]