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Split caps compensation to be revealed

Investors in split caps will hear this week how and when Fund Distribution, the company set up by the Financial Services Authority after the crisis, is to make its payments to those eligible for compensation.

Eighteen fund management companies paid into the company in December after reaching agreement with the FSA, with Exeter Asset Management and Teather and Greenwood signing up this month.

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Standard Life bank introduces new flexible mortgage products

Standard Life Bank is launching a new two-year and six-month variable rate mortgages to its freestyle range, and a new three-year fixed rate mortgage. The bank believes the new products will offer nervous buyers extra flexibility given the recent scrutiny of the housing market, and fears over rising interest rates and the impact of the […]

Milton aims to cover commodity exposure for global portfolio

Miton Investments is protecting the CF Miton global portfolio from volatility in its commodity exposure by buying a Barclays structured product linked to the prices of oil, copper and aluminium. The product, which was originally designed for institutional investors, invests in a zero-coupon bond and options on the commodities market. It will return 180 per […]

Tories plan to raise tax relief to defuse pension timebomb

The Tories have unveiled plans to increase tax relief on pension contributions as part of their commitment to tackle the “pension timebomb”. Under the proposals, basic-rate taxpayers would have their tax relief raised by 10p in the pound to 32p, adding £10 to every £100 saved towards a personal pension. The Tories expect that around […]

ScotEq Protect reveals critical claim statistics

Scottish Equitable Protect paid out 631 critical-illness claims totalling more than £33m last year. The company decided to release its critical cover claims’ figures two years ago after calls from IFAs for statistics to be published. The average claim for ScotEq Protect was £61,390 and the average age of claimants was 40. The statistics show […]

State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]

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