Royal London says group total life and pensions sales increased 30 per cent to 115m in the first six months of this year. Subsidiary Scottish Life saw its business grow 31 per cent to 97m in APE terms. Protection arm Bright Grey’s business rose by 18 per cent to 11m while Scottish Life International’s sales rose by 46 per cent to 7m and Royal London Asset Management saw net new business of 450m.
The FSA’s fourth life insurance newsletter issued last month warns insurers about the standard of advice given by their representatives.
Old Mutual Prosper 80 from Old Mutual Asset Managers is a capital-protected product linked to the performance of a manager of managers hedge fund portfolio and cash using a form of constant proportion portfolio insurance (CPPI).
Adviser pressure has paid off with the FSA issuing an extension of its first mandatory electronic reporting deadline due to technical problems with the service. The U-turn comes two weeks after the regulator told Money Marketing that there would be no extension to the August 11 deadline even though advisers had expressed concern that technical […]
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Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]