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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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]