Standard Life International says total sales of its international bond have reached 593m. Sales in the first six months of 2008 were 270m compared with 284m for the whole of 2007.
Standard Life has made its mutual fundsupermarket FundZone available to its group and retail Sipps.
Alliance & Leicester has warned shareholders that voting against a Santander buyout would put the lender at the mercy of “significant external risks”. A&L reveals in its voting information booklet that it sees no end to the current financial downturn.
Thirty-five per cent more people will pay capital gains tax this year compared with last year, predicts Skandia.
Manager Adrian Gosden explains how a strong balance sheet means companies can survive volatility – even in the aftermath of a debacle like VW’s. To watch the video click here
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]