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Which? slams equity release

Equity-release schemes have been criticised by Which? as expensive and inflexible. It says Norwich Union is running irresponsible advertising and people should downsize or borrow from family instead.

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Lazards tops Morningstar Isa table

Morningstar has awarded Lazard Asset Management its top rating in its Isa league table with 4.14 stars out of five.St James’s Place came second with an average of 3.91 stars. Artemis, Framlington and Mellon completed the top five. Neptune Investment Management was the most improved fund group, rising 22 spots to sixth place. It had […]

Magian Mutual closes to new business

Professional indemnity insurer Magian Mutual has closed to new business after haemorrhaging 30 per cent of its members in the last year. The closure follows persistent speculation that the mutual, established by PI Direct in 2003 to bring new capacity in a hard market, was struggling to cope with soft market conditions. Head of Magian […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

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