Syndicate Asset Management is seeking an Aim listing having raised 33m at 60p per share in pre-IPO financing. It has also bought advice and asset management business Ashcourt Holdings for 12.9m, conditional on its admission to Aim. Ashcourt was started in 1994 as the asset management division of a firm of solicitors while Syndicate is a strategic investment company seeking to build a fund management firm by consolidating a number of smaller fund management businesses.
Citizens Advice is calling on the Office of Fair Trading to investigate payment protection insurance, claiming it is bad value. The consumer organisation says the product, which produces annual revenues in excess of 5bn, is often highly expensive and excludes many of the most common situations that lead to debt problems. It claims that banks, […]
Life and protection rates are likely to rise in the aftermath of Hurricane Katrina, says Scottish Widows marketing director, protection, Nick Kirwan. He predicts that rates will inevitably be raised in the UK as well as the US, as reinsurers face a massive hit on capital and a reduction in capacity. Other insurers say they […]
Tesco Personal Finance has dropped its controversial link-up with Norwich Union as life and general insurance product provider, replacing it with Direct Line. In assessing the pitches of various providers, Tesco PF says NU was unable to provide the speed of processing and customer interfacing it requires to drive its business forward. NU attracted criticism […]
The polarisation of the fund management industry continues unabated. The middle ground is fast being vacated, as houses decide whether to opt for bulk and enjoy the benefits of greater distribution or alternatively follow the boutique route.
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
- Top trends
- Top trends
- Waspi women should be given £15,000 each, Lib Dems say
- Steve Bee: Make way for the next generation of Waspi women
- DWP admits ‘misleading’ public on Scottish independence
- Woodford: Three picks for enticing equity valuations
- Waspi slams ‘devastating’ state pension age hike as IFS says reforms saved £5.1bn
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Three advisers share how they go above and beyond to take care of their clients
The solution to this widespread problem is sitting under HMRC’s nose It is with keen interest I read the comments in the press about the unfairness of HM Revenue & Customs’ approach to taxing pension freedom payments under PAYE. The problem is that it currently taxes such withdrawals on a month 1 basis, which assumes […]
The Financial Services Compensation Scheme declared 15 companies in default during November and December 2017, including a Welsh advice firm that had its permissions cancelled in 2016. Park Grove Financial Management’s permissions were cancelled in June 2016 after it failed to pay more than £5,000 in fees and levies to the regulator. Another Welsh firm declared […]