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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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]