View more on these topics

Swip predicts growing demand for office space

Growth in the services industries, including financial serv- ices, will boost the office property sector over the next few years, says Scottish Widows Investment Partnership.

Swip’s latest commercial property outlook says the services industry will account for nearly 82 per cent of UK jobs by the end of the decade, up from 77 per cent five years ago.

Property research manager Stewart Cowe says continued growth in the services sector will offset the decline in manufacturing and lead to increased demand for office space, especially in Central London. He says the West End will see strongest rates of rental growth in the short term, with a forecast of 3.9 per cent up to 2009.

But he adds that the City of London is also showing signs of growth, with an increasing amount of space available for occupation from 2007 onwards, including nearly five million square feet under construction.

City rental growth is expected to eclipse the West End market from 2007 onwards, with annualised 4.6 per cent growth over 2007 to 2009.

Cowe says: “As well as getting a much needed boost from rising employment in the service sector, much of the City and the wider office markets are influenced by the fortunes of the stockmarket. After marking time over the first quarter of this year, we have seen stockmarkets perform well since then, with performance over July and August being particularly strong.”


Friends ready to raise pension commission

Friends Provident is set to introduce an alternative charging structure on its personal and group pension products, subject to the removal of the RU64 rule. Advisers can take a fund-based commission plus a percentage of the premium agreed with the client up to a maximum yet to be set by Friends Provident which it says […]

Graduates urged to move into finance

Financial services should be regarded as attractive for graduates as law, accountancy and management consultancy, says Millfield chief executive Paul Tebbutt. Despite a lack of appren-ticeship schemes in the industry, Tebbutt says that graduates should consider the sec- tor as a fast track to a lucra- tive career. Millfield says an average adviser makes 70,000 […]

A-Day boost for autumn jobs market

The autumn jobs market may be unexpectedly buoyant following a very quiet sum- mer in the run-up to A-day, according to recruitment consultants. Consultants are seeing dem-and from schemes, investment managers and IFAs, with much of this due to A-Day but in the context of renewed market confidence across the board. IPS Financial Services director […]

Cofunds hits 5bn marks

Cofunds has passed the 5bn mark in assets under administration, representing a 40 per cent increase in assets on the platform in the first 8 months of the year. The platform started 2005 with 3.5bn and its life and pensions tie-up with Legal & General is set to go live towards the end of the […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm