Net retail sales of ethical funds have grown sixfold in the past 12 months, says the Investment Management Association. Ethical inflows reached £135.5m in the third quarter this year compared with £23.1m at the same point in 2006. Fund of fund sales took a downturn, totalling £803.4m in Q3 compared with £1bn in Q2 and £894.6m in Q3 2006.
Webline is providing intermediaries with access to special risk service The Insurance Helpline in conjunction with Totally Insured Group.The deal enables brokers to refer potentially complex high-risk cases to TIG, which will find the best product for the client.Webline client services and operations director Matt Humphrey says Association of British Insurers’ statistics show that over […]
Leadbay has appointed Grant Stevens as its new managing director from December 1.Stevens replaces Leadbay founder Maarten Westerduin who will now become chairman of the company.Stevens’ role will be to look at the strategic direction of Leadbay, building on its phenomenal growth of the past three years to ensure that it continues to be one […]
Tom Baigrie, Lifesearch managing director takes a wide-ranging look at the controversial retail ditribution review and says the FS must focus on the value of advise
Hargreaves Lansdown has revealed a £400m increase in assets under administration after publishing its first quarter statistics for the 2008 financial year.
By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]