Insurer Royal and Sun Alliance announces that its sales of life insurance and investment products has skyrocketed in the first quarter of the year.
Sales of these products have grown 84 per cent to £336m compared to the same period a year ago.
Within the UK, unit trusts sales grew 177 per cent, while single premium bonds increased 105 per cent.
Last year, the life office decided to focus its sales efforts within the UK on using independent financial advisers instead of relying on tied agents.
Pension provider NPI is the first life office to base external fundmanagers' charges on performance.The company believes one way IFAs can fight back in the post-stakeholdermarket is to offer external fund management links on its pensions. It isalso making the fund links open to all its new and existing customers.NPI says it whittled its choice […]
The Government's Catmark scheme is in urgent need of consolidation andpromotion.Introduced first for equity savings plans and soon for mortgages andpensions, the scheme was designed to inj-ect greater competition into the booming personal fin-ance market.By giving a Government stamp of approval to products with reasonablecosts, access and contract terms, the Chancellor hoped to spark adem^_and-led […]
A survey from the Royal Institute of Chartered Surveyors reports that housing prices are cooling off in London and the southeast.In the three months ending on March 31, the results indicate that while prices still rose, they did so at a slower pace than in the previous period. Just over 60 per cent of those […]
Scotland's fund management industry is increasing by the minute and it isnow one of the biggest centres in Europe. Which investment houses do yourate and why?MD: Britannic have been my long-term favourites. They have an excellenttrack record across a range of funds. A genuine team approach seems to havepaid dividends for them. The other two […]
Good and growing companies are still to be found, Simon Edelsten, manager of the Artemis Global Select Fund, tells Ross Leckie – even in a world marked by low(er) growth and political uncertainty.
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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 […]
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