Standard Life's European Property Growth Fund (EPGF has made two more acquisitions in Lisbon and Paris. Both buildings will form part of the EPGF, which invests in office, retail and distribution companies in continental Europe.
Newcastle Building Society is to carry out mortgage processing, packaging and underwriting duties for High Street Home Loans. The deal has already resulted in four new recruits for Newcastle, and the company expects this number to rise. General manager Colin Greaves anticipates that the new partnership will process up to £150 million of mortgage balances. […]
Sofa has hit out against plans in the pensions Green paper to usekitemarks on pensions.A Catmark is already used to help consumers recognise simple savingsproducts but the Department for Work and Pensions wants to extendtheir use to pension products.Sofa believes that use of the proposed kitemark for pensions willhave little impact for consumers unless it […]
Prudential is believed to be close to a deal with Northern Rock whichwill see the Pru white-labelling the bank's equity-release productand selling it as its own.As reported in last week's Money Marketing, the Pru is believed to belaunching into the equity-release market poss-ibly by the end of thismonth.Rather than designing its own product, the Pru […]
The Department for Work and Pensions is working with senior actuarieson a project to set up a central insurance safety net foroccupational pensions schemes, Money Marketing has learned.A number of high-profile actuaries have refused to comment on asecret DWP meeting held last week which is believed to have examinedthe cost of a scheme that would […]
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]