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Standard & Poor&#39s merge its subsidiaries

Standard & Poor&#39s is to merge its investment fund information services.

The move will see S&P&#39s Micropal, S&P&#39s Fund Research and S&P&#39s Managed Funds Ratings united under the one division, Standard & Poor&#39s Fund Services.

The new division will be headed by Sanford Major as managing director.

Reporting to Major will be S&P&#39s Micropal managing director Mark Adorian who will be responsible for sales, marketing and operations. S&P&#39s Fund Research managing director Peter Jeffreys will oversee research activities.

The company which is part of the McGraw-Hill group of companies has 300 employees in 13 countries.


Merchant Investors adds Edinburgh fund to Portfolio

Merchant Investors Assurance is adding the Edinburgh Safety First Fund to its Portfolio range of products.The fund managed by Edinburgh Fund Managers offers investors capital protection in times of stockmarket volatility, while benefiting from active fund management.The Portfolio is a range of investment products available to Merchant Investors life and pension policyholders.

Chartwell issues With Profit Bond guide

Investors should beware of high headline bonus rates when investing in with profits bonds according to Bath IFA Chartwell Investment Management.In Chartwell&#39s eighth edition of its &#39With Profit Bond Guide&#39, associate director Patrick Connolly says too many private investors are attracted by a high headline bonus rate, but this may not be the best product.Connolly […]

Portman Building Society lifts account restrictions

Portman Building Society has lifted restrictions on the opening of new accounts.The postcode-based restrictions were imposed at the start of the year to prevent carpetbaggers opening up new accounts, in the hope of receiving windfall payments in the event of Portman demutualising.The restrictions only allowed new account applications from those living in the South East […]

Mortgage advances reach highest level since last summer

Building society gross mortgage advances in March reached their highest levels since summer 1998.According to the latest Building Society Association figures gross mortgage advances increased to £2,296m in March from £1,351m in February.The figures represent a significant boost for mutuals that have been put under severe pressure by banks in the last six months in […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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