HBOS has admitted that some aspects of its experimental mortgage retention strategy introduced last year have failed to deliver, leading to an expected drop in net lending share to less than 10 per cent for the first half of this year.
Alliance & Leicester has appointed group finance director David Bennett as group chief executive, effective from July 27.Former group chief executive Richard Pym asked the board in February to consider his successor, resulting in a search of external and internal candidates. He will retire from the board on July 27. Current managing director, retail banking […]
The ABI has launched a review of its life and pension fund sectors which categorises over 6,000 unit-linked life and pension funds. The sectors enable advisers and consumers to compare similar funds on a like-for-like basis, and are independently monitored by the ABI.Over £500bn of assets are managed in these funds and the review has […]
By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]