Standard Life has confirmed a team of advisers for its strategic review, expected to be completed by the summer. McKinsey & Company will advise on strategy, with Lazard and UBS acting as financial advisers. Clifford Chance will provide legal support, with Watson Wyatt acting as consulting actuaries and Price Waterhouse Coopers advising on taxation and accounting.
GMAC-RFC has started its mortgage lending business in Germany. It acquired DFH Eigenheimbank GmbH, Saarbruecken and renamed it, GMAC-RFC Bank GmbH. The bank will offer residential mortgages to private customers throughout Germany. GMAC-RFC will distribute its products through intermediaries including mortgage brokers, insurance companies and other retail financial service companies. GMAC-RFC German Country Manager Matthias […]
Type: Venture capital trust Aim: Growth by investing in Aim companies and Unicorn investment funds Minimum investment:Lump sum £2,500 Investment split: 80% Aim companies, 20% in the Unicorn free spirit, Unicorn mastertrust and Unicorn smaller companies funds Opening/closing date: January 20, 2004/April 2, 2004 Charges: Initial 5.5%, annual 2% Commission: Initial 2.25%, renewal 0.375% Tel: […]
Scottish Widows is now giving personal pension and stakeholder quotations via The Exchange's Exweb portal. IFAs can now request individual personal pensions and stakeholder quotations on a single company basis as well as in comparison with other companies.
Investor confidence is rising steadily and is now nearing the level it was at in April 2001, according to JPMorgan Fleming. JPMF's investor confidence index rose from 84 in December to 92 in January, nearing April 2001's all-time high of 103. It also reveals that 44 per cent of investors believe the stockmarket will be […]
The sell-off in bonds has been indiscriminate. James Foster intends to make the most of all that entails. To watch the video click here
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]