View more on these topics

Standard Life Bank moves into profit

Standard Life Bank has moved into profit for the first time, reporting profits of £4.6m a year ahead of expectations.

Mortgages under management grew from £7.2bn to £8.7bn and gross mortgage lending rose from £3.1bn to £3.4bn.

SLB says it is well placed for future growth, as it now has the ability to access all mainstream sources of mortgage funding after its debut securitisation programme of £2.5bn was well received.


Investment chief Hale quits Skandia

Skandia Investment Management chief investment officer Clive Hale has resigned from the company, saying he wants to spend more time with his family. He is being replaced by Hargreaves Lansdown investment director Alan Durrant, who will join SIM once the FSA has approved his appointment. Hale&#39s regulatory responsibilities will be taken on immediately by group […]

The sharp end of self-cert

So Panorama strikes again, hitting out at what it claims is the slovenly or dishonest way in which self-cert is used to push through inappropriate loans. The figures certainly make for an interesting debate. Panorama says that self-cert combined with fast track could be as much as 30 per cent of the mortgage market. The […]

Standard sales plummet 27 per cent

Standard Life saw UK life and pensions business fall 27 per cent to annual premium equivalent sales of £956m in 2003 from £1.31bn in 2002. Sales of independent pensions fell 35 per cent to £302m in 2003 compared to £467m the previous year, while group pension sales were down 17 per cent at £326m from […]

Standard pledges to keep its &#39jewel&#39

IFAs are questioning the size of Standard Life&#39s broker consultancy salesforce in the wake of falling with-profits sales. Bankhall director of provider management Jonathan White believes Standard is unlikely to be able to sustain its large salesforce without strong with-profits sales, saying it will have to work harder to focus on its productive IFAs and […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm