Prudential has increased its interim dividend by 5 per cent to 6.29p per share as profits on an EEV basis fell 8 per cent to £1.2bn in the first half of 2009 compared with the same period last year.
Former Millfield chief executive Paul Tebbutt has joined Simon Chamberlain’s IFA consolidation firm Succession as a relationship director.
Skandia has dropped its platform brand Selestia and is now operating as Skandia Investment Solutions.
The Ombudsman has agreed to defer its consideration of complaints relating to Lehmans-backed structured products by a further three months, following a request from the FSA.
By Mark Martin, Head of UK Equities, Neptune Investment Management The start of 2016 has been one of the most tumultuous periods in recent years for UK markets, with the FTSE 100 Index briefly entering bear market territory in the middle of January. Fuelled by a collapse in the oil price and escalating concerns over […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]