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 […]
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 […]
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Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
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As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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