Wave will no longer be offering loan products at 85 per cent loan to value across its entire product range.
Lighthouse Group has appointed Mark Ross as group company secretary. He joined at the start of the year, complementary to his existing role as director of risk. Lighthouse says the appointment combines strategic compliance, risk management and governance responsibilities within a single function.Ross is a qualified chartered accountant who has specialised in regulationand risk management […]
Legal & General’s UK life and pension profits fell by 17 per cent last year from £874m to £720m.Worldwide operating profit on a European embedded value basis fell by 26 per cent from £1.2bn to £912m.L&G puts this down to revised longevity assumptions as well as losses from the floods last summer.In the UK, protection […]
Veteran fund manager Nils Taube has died at the age of 79 following a stroke.Taube was the longest-serving fund manager in the UK, having run retail and institutional funds since 1969 when he took over the St James’s Place greater European progressive trust.He was born in Estonia in 1928. Taube moved to the UK in […]
The gold price has continued to soar, touching $1,000 an ounce for the first time recently. Is this the end? Probably not. A flow of bad news from the financial markets is good news for gold. Remember that central bankers cannot just print more gold when they need it. In real terms, gold is still […]
Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]
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Standard Life Aberdeen has sold its insurance arm to Phoenix in a £3bn deal. In the first results since the merger of Standard Life and Aberdeen Asset Management, the firm has said it has decided to exit the insurance market. Phoenix will pay a total of £2.3bn in cash for the business. Standard Life Aberdeen […]
Acquisitions are continuing apace this year but will that trend continue or will the market slow?
Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]