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ScotLife fights endowments corner

Widely attacked endowment mortgages are being given a second chance by Scottish Life.

According to its new IFA guide on endowments, advisers need to take a “balanced” view and cut through the “hysteria” surrounding the controversial policies.

The booklet contains facts and figures for IFAs deciding whether an endowment is best for their clients.

Last month the FSA said it would not launch a major investigation into endowment misbuying even though it admitted thousands must now top up payments to keep their returns on track.

Scottish Life marketing manager Alasdair Buchanan says: “Endowment mortgages have taken a great deal of criticism, much of it totally unnecessary. But despite this, the simple fact remains that when the circumstances are right, an endowment mortgage is right.”


Autif e-trading platform

The Association of Unit Trusts and Investment Funds is launching a new electronic trading platform.The EMX trading platform will allow investors and fund managers to link up directly with providers. It claims the move will save the industry millions of pounds by slashing red tape and cuttin admin costs.Autif chairman Alan Ainsworth says: “I will […]

Guardian Employee Benefits Employee Protection Menu

Guardian Employee Benefits has introduced the Employee Protection Menu, a web based employee benefits product which it claims will revolutionize the employee benefits market for IFAs targeting small-to medium-sized firms.Employee Protection Menu features five different menus which offer employees and their spouses or partners a combination of life assurance, income protection and critical illness cover […]

SFE board reshuffle

The first woman director of Scottish Financial Enterprise has been appointed as a director of Edinburgh Investment Trust and the Royal Bank of Scotland.Eileen Mackay was previously a senior civil servant and a principal finance officer of the Scottish Office from 1992 to 1996. She also worked at the Treasury and the Cabinet Office.SFE chairman […]

NatWest Life quits endowment market

Endowment mortgages have taken another bashing with NatWest Life pulling out of the controversial home-loan investment plans.Natwest is following Pearl Assurance, Halifax and HSBCs withdrawals from the endowment market.Just 5 per cent of new mortgages currently being sold by the bank are endowments. About half its 280,000 customers already hold endowment-linked loans.The reputation of endowments […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


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