Sumus profits rose by 76 per cent to £1.51m last year while revenue nearly doubled to £29.8m.
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 […]
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. […]
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.
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 […]
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 […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]