The Government has admitted sellers packs are unlikely to be introduced until 2004 after it failed to secure a parliamentary slot for the legislation. The compulsory packs, which have come under fire from the housing industry and MPs for their high cost, were scheduled to launch in 2003 but the Department for Transport, Local Government and the Regions now concedes this is virtually impossible. It says a parliamentary slot is unlikely to be found until next year.
Recently, I have been reminded how useful a role the old section 32 buyout policy can play in the new pension scenarios, regardless of whether we are looking at group or individual business.Starting with group business, the trend away from defined-benefit towards defined-contribution business, already well established among small and medium-sized employers, has now become […]
If you were asked to name a profitable area of financial planning, the chances are that basic life insurance would not immediately spring to mind. But one area of protection planning which IFAs largely miss out on at the expense of banks does fit the bill – business loan protection.Business lending is almost always conditional […]
Holland has been one of the few dark clouds on CGNU's horizon since Norwich Union and CGU surprised many by pulling off their nil-premium merger.CGNU's Dutch fund management business looked to be going well and promised much for the future. But a cursory glance at the company's recent figures shows sales of equity-linked products in […]
Lives: Highgate, North LondonBorn: June 4, 1945, in East SussexAge: 56Education: Bradfield College, Berkshire and Trinity College, OxfordCareer to date: Director of Camden Community Law Centre, Writer for New Law Journal, Head of Communications at the Law Society, Insurance OmbudsmanCareer Ambition: “Very happy with whatI am doing now, thank you.”Life ambition: “To win the tennis […]
Good and growing companies are still to be found, Simon Edelsten, manager of the Artemis Global Select Fund, tells Ross Leckie – even in a world marked by low(er) growth and political uncertainty.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]