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Sharp increase in online business – GMAC-RFC

Ninety eight per cent of all intermediaries are conducting at least some of their business online and nearly half of those questioned stated that they had seen their on-line activities more than double, according to new research from GMAC-RFC.

Ninety four per cent of intermediaries reported their online business increasing in the last year, with half of those (46 per cent) stating it had more than doubled.

Head of marketing Jeff Knight says: “I am not that surprised by these findings. At GMAC-RFC we were ahead of the game and have had an on-line system for some time that has been extremely popular. In fact, nearly 80 per cent of our applications received have had an on-line accept decision.

“We actually expect that we will actually see a much bigger increase in on-line activity next year than is being predicted, with regulation actually acting as a catalyst for a surge in this area. “


IFAs want Mom index

Standard & Poor&#39s is to consult with clients over the results of a Money Marketing poll that showed huge backing for a multi-manager index. The fund ratings agency admits it is intrigued and surprised by the result of the online survey which showed that 92 per cent of IFAs would find it useful to have […]

Pension Edge: Derek Simpson

A number of recent surveys have shown that the pension deficit black hole appears to be shrinking. The recovery has occurred as shares have rallied and employers have increased their contributions to make good pension shortfalls. This is encouraging news for the future of occupational pension schemes. It demonstrates that pensions should be viewed over […]

Barclays Global Investors – i-Shares MSCI Japan

Type: Exchange traded fund Aim: Growth by tracking the performance of the MSCI Japan Index Minimum investment: Subject to negotiation with a stockbroker Investment split: 100% tracking the performance of the MSCI Japan index Place of registration: Dublin Isa link: Yes Pep transfers: Yes Charges: Annual 0.59% Commission: None Tel: 020 7668 8007

Clerical first to say it will continue FSCS levy

Clerical Medical is the first pro-vider to commit to a continued subsidy of the Financial Services Compensation Scheme after the Pass scheme closes. IFAs have been horrified to learn that providers&#39 voluntary subsidy of the scheme through Pass comes to a close at the end of the year, with no current plans to extend it. […]


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