Fitch Ratings has downgraded Resolution’s rating to negative following Standard Life’s withdrawal of its offer this week. Fitch says Pearl’s offer is “potentially detrimental” to Resolution’s credit quality.
Rating agencies have confirmed they are looking into whether they will provide a separate rating or tool for liquidity risk, after a grilling from the Treasury Select Committee today.
Advisers hope FSA chief executive Hector Sants will use his speech at the Aifa dinner next Wednesday to stamp his authority on the retail distribution review.The dinner will be the first chance to get an insight into Sants’ thinking but opinion is divided on whether he will offer advisers an olive branch or take a […]
Mortgage industry figures are disappointed that the Bank of England monetary commitee failed to cut bank base rate last week.The MPC held the rate at 5.75 per cent, as broadly expected by the market.Many commentators point to the bank’s inflation report this week as the key indicator of future rate directions.Royal London Asset Management economist […]
Abbey’s recent launch of a two-year fixed rate with a £10,000 fee generated a significant amount of media comment. Abbey justified it by saying that it was good value as the fee was cheaper for big loans than the 2 per cent that some of its competitors were charging.I see nothing wrong in principle with […]
By Rob Burnett, head of European equities, Neptune After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]
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Latest from Money Marketing
Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]