Axa UK reported a 145m increase in adjusted earning and revenues up by 5 per cent in its preliminary results for 2004. Total revenues stand at 37.3bn for 2004 with IFAs bringing 82 per cent of new business in 2004 to Axa UK. Life and savings business revenues increased 8 per cent to 4.28bn in 2004 from 4.04bn in 2003.
The Financial Services Compensation Scheme has admitted it could reduce the massive 27m split-cap levy on fund management firms after protests from the Investment Management Association.
Investec Asset Management’s managing director says the fund industry needs to win the trust of customers as consultants rather than using a sales-driven approach and he is looking to the cautious managed sector to achieve realistic returns.
The Scottish Provident brand is here to stay because intermediaries want it and it is generating business.
The Inland Revenue’s technical amendments to A-Day rules means investors avoid being tested against the lifetime limit twice, says Scottish Equitable pension development director Stewart Ritchie.
Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients. Investment risks The Neptune India Fund may have a high volatility rating and past […]
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