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Scottish Life closes IFA branch offices

Scottish Life is closing eight of its 18 IFA sales branches with the loss of 12 jobs. It is blaming the cost constraints of the 1 per cent world for the move which will see the closure of its branches in Edinburgh , Liverpool, Newcastle, Nottingham, Southampton, Harrow, Maidstone and Brighton.

It says technological advances mean local branches are not as necessary as before and is writing to IFAs to inform them of the new arrangements.



“No. I think the process has been less than transparent and people who stayed with them have done worst.” Selwyn Davies, Selwyn Davies IFA “No. They refused to use IFAs and, quite frankly, we would never have recommended their products anyway. They have not been doing a good job with the mess they have put […]

Jupiter urges investors to consider income funds

Jupiter is urging income-seeking savers to consider broadening investment options as interest rates are at their lowest level for almost four decades.Despite recent poor performance in stockmarkets, income funds compare favourably to building societies for income and capital growth.Over the last 10 years, Jupiter says an investor in its income trust would have seen their […]

Mortgage lending hits £16bn high as price spiral continues

Mortgage lending reached a record level of £16.6bn, in March, up from £13.3bn the previous month, according to the latest figures from the Council of Mortgage Lenders.Building Society Association gross advances were also buoyant, rising by 28 per cent to £2.7bn last month from £2.1bn in February.Net advances by mutuals increased to £682m in March […]

Norwich Union – Managed High Income Fund

Thursday, April 25, 2002Type: OeicAim: Income by investing in global corporate bondsMinimum investment: Lump sum £1,000, monthly £50. Isa lump sum£500, monthly £50Investment split: UK investment grade 40%, US high yield 35%,European high yield 15%, emerging markets 10%Yield: 7.35% gross a yearIsa link: YesPep transfers: YesCharges: Initial 4%, annual 1.25%Special offer: Initial charge reduced to […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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