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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Technology firm FNZ has invested in robo-adviser Advicefront, which is also backed by other leading financial planning figures. FNZ today announced it has completed a strategic investment in the company. Advicefront, which is an automated advice platform, started in 2015 and its original investors include former Bloomsbury Financial Planning principal Jason Butler, Tilney investment director […]
The FCA has raised the prospect of further sanctions over advice to transfer out of the British Steel Pension Scheme as consumers could be in line for compensation payments. Giving evidence to MPs on the work and pensions select committee, FCA supervision director Megan Butler said that while the regulator had so far acted to […]
The global economy currently appears “just right” but how long can that continue?