Northern Rock is considering a 1.5bn sale of its commercial loan portfolio, saying that the new Basle II rules make it less capital-efficient to retain the portfolio.
This week by Dow Jones Newswires reporter Corey Boles.
AXA Investment Managers (AXA IM) today announces the appointment of Martin Hall as head of AXA IM UK.
Positive Solutions is amending its Partnership scheme enabling advisers writing 50,000 of business in the 12 months to September 27, 2007 will now receive 3,000 points towards the scheme. PS is also extending the deadline to gain 3,000 points for recruiting new joiners to October 31.
IFA service company Adviser Breakthrough Solution is offering its pension performance review software package to the adviser market.The firm claims it “will be responsible for the biggest change ever to hit the financial services industry”.The software package is designed to help advisers identify which clients’ portfolios need changing and selects funds for them based on […]
Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes