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Sumus profits up by 76%

Sumus profits rose by 76 per cent to £1.51m last year while revenue nearly doubled to £29.8m.

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CAR crash as Skandia slams ‘desperate’ life offices

Skandia has hit out at the Association of British Insurers’ call for customer-agreed remuneration to be mandatory for advisers but not direct sales, saying it is based on the self-interest of “desperate old traditional” members.Skandia chief executive of UK business Brett Williams says CAR is a fundamental principle that must apply to the whole market […]

SJP new business up 23 per cent

St James’s Place saw new business figures increase 23 per cent last year from £349.1m to £428.6m. This was across all investment, pensions and protection business for the year ended December 31, 2007. New investment premiums increased 27 per cent from £186.5m to £236.0m and pensions business increased 23 per cent from £140.1m to £172.3m. […]

The best defence

I am an experienced investor in my 80s but I have become concerned by recent volatility. I am mainly in income-producing funds but wonder what else I could invest in.

Friends says appeals may pose threat

The Financial Ombudsman Service should not introduce an appeal process as it could undermine the service and damage its reputation, says Friends Provident.In its response to the Hunt review, Friends says while there may be value in looking at the wider implication process to ensure issues of concern can be raised, there has to be […]

US: mid-year review and outlook

By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]

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