Vertex has completed the 95.3m acquisition of Marlborough Stirling, owner of The Exchange. Andy Hunt has been appointed managing director of Marlborough Stirling, replacing the old chief executive Mike OLeary who has left the company. The Exchange managing director David Child will report directly to Hunt.
Leeds & Holbeck Building Society is launching a new 10-year fixed rate mortgage offering a rate of 4.99 per cent from March 17. The lender is offering the rate until August 1 2015, and the mortgage will be available up to 95 per cent LTV. The mortgage is full portable if the borrower moves during […]
The 11 UK life and pension offices behind IFA Promotion have unanimously voted to keep IFAP promoting independent advice in the depolarised world.
Life cover for a family needs to keep pace with salary rises and to consider income options as well as lump sums.
Axa’s Simon Olive makes a strong case for advisers to move to a fee-based business model in the article, Fee spirit, (Money Marketing, May 5).
By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]