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Schools to teach CII Certificate

Six schools in the north of England will start teaching the Chartered Insurers Institute certificate in financial planning (one to five) from next September.


Treasury mulls 50 year gilts

New gilt issues in the range 40-50 years could be announced with the budget in March, following a consultation process with investors and gilt-edged market makers by the Debt Management Office. Pension funds, which have suffered from falling bond yields and rising longevity, have expressed interest in longer maturities.

Purchases down to 45% of loans

Less than half of mortgage lending last year was for house purchase, according to new figures from the Council of Mortgage Lenders.

Morgan Stanley forecasts F&C outflow

A report on F&C by Morgan Stanley has predicted an outflow of 3bn in assets under management this year, after suffering outflows of 4.7bn last year. A 25-page Morgan Stanley report said F&C has suffered following its merger with Isis last October. The Morgan Stanley report says unit trust sales moved from an 85 million […]


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