Yorkshire Fund Managers has invested an undisclosed sum in on-line life assurance specialist Monevate.
Paragon has announced extensive restructuring at Britannic Money, renamed Mortgage Trust. It will be combining duplicated functions at the Group's head office in Solihull for all but the staff involved in new business originations. This will mean up to 160 redundancies in Epsom over the next three months. Paragon anticipates 70 new positions in Solihull, […]
NATIONWIDE: NEW FORECAST OF 13% RISEHouse prices continued to rise in August, up by 1.1 per cent, putting the average house price at £129,258, according to Nationwide's monthly review of the housing market.This continues a rising trend of a 1 per cent increase in July and a 0.9 per cent rise in June.Group economist Alex […]
It is always difficult to imagine the future. According to the Junior Encyclopaedia that I pored over in my childhood, by the year 2000 I was supposed to be flying to work in my own private helicopter and eating a lunch made up of a handful of brightly coloured nutrient-packed capsules. In fact, of course, […]
Norwich Union paid out £26.9m in critical-illness claims last year, with 63 per cent of all claims for cancer and 13 per cent for heart attacks, according to its second annual CI report.The report has prompted intermediaries to call for other insurers to join NU and Scottish Provident in releasing detail figures because it helps […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]