In recent weeks, the gilt market has been mov-ing to a global rhythm rather than a specifically UK one. The UK has its own market idiosyncrasies which are apparent in the shape of the UK gilt yield curve compared with the US and European curves but the dominant global theme remains the credit crisis and the liquidity crunch accompanying it.
Specialist environmental manager Impax Asset Management has introduced a fund that will invest globally in big and medium-sized companies that are developing products or services to solve the world’s environmental problems.
The Council of Mortgage Lenders says the number of loans taken out for house purchase in each of the last three months was more than 30 per cent down on the same period last year. It predicts this decline will continue throughout 2008.
Watson Wyatt predicts the at retirement market in the UK will more than double within five years to over £30bn a year. The consultancy group says the at retirement market was worth £13.6bn in 2007 and it predicts the market will grow by nearly 20 per cent a year over the next five years. At […]
Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]