Tracker funds saw outflows of £196m in the first quarter, according to the Investment Management Association. This time last year, outflows were only £32m.
Prime Minister Gordon Brown has announced that he is stepping down as leader of the Labour Party, with a new leader to be in place by the Labour Party conference in September.
Accord has today launched a range of new mortgage for borrowers requiring larger loans of up to £1.5m.
A resurgence in investment bonds is expected as the life industry migrates its product structures to conform with the FSA’s retail distribution review. While sales of investment bonds, both on and offshore, still look flat relative to their 2007 levels, greater interest in the wrappers is becoming evident. Tax and pension changes implemented in April also appear to be bolstering the product that a year ago many were calling outdated.
A Tory official says the Financial Services Authority could survive the new Government’s banking regulation plans.
Mark Martin, Investment Director, Head of UK Equities At 10 per cent of the portfolio, Carpetright is a major holding in the Neptune UK Mid Cap Fund and one of its most contrarian positions, based primarily on the company’s significant self-help potential as well as exposure to UK and European economic recovery. The company has recently appointed […]
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The composition of emerging market indices reveals stocks less tied to the commodity cycle have been taking a larger share in recent years
Aviva has pledged to have the full version of its new platform up and running imminently after a blackout period over the weekend. The provider scheduled five days of downtime from last Wednesday through to Monday, but advisers have complained to Money Marketing that the platform was not accepting applications or running quotes as of […]
The cost of pensions tax relief for employers is £950m higher than originally estimated for the 2016/17 financial year according to figures published by HM Revenue and Customs. Its updated estimates on the cost of tax relief show the bill for relief on National Insurance Contributions for employers is higher than previously thought. Meanwhile the […]