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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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]