Online consumer lending portal Zopa has over 100,000 users signed up, not 1,000 as reported in Money Marketing on October 19.
Private investors bought £2.6bn of equities in August and September marking a reversal of the heavy selling of shares in the first half of 2006.Figures from Capita show that August and September are the first time private investors have increased holdings in equities since the beginning of the year.Between February and July this year, investors […]
Bless Newton and their efforts. With what can only be described as marketing genius, the fund manager sent out polystyrene model aeroplanes boasting “Income funds with less drag” across the body. The irony comes, of course, when the plane is launched into flight – or rather, a sudden drop, as the plane possesses absolutely no […]
Falcon parent Sumus has announced the appointment of Andrew Snowball as non-executive director.Snowball will remain as commercial director of Financial Services Advice & Support Limited, which was acquired by Sumus in September for £2m.Snowball says: “Becoming part of the Sumus group was a major strategic step for FSAS and I am delighted to be invited […]
HBOS is to embark on a multi-million-pound inv- estment drive over the next two years to boost its already dominant position in the intermediary mortgage market. The giant has pledged to pump £10m into improving services for brokers, in addition to its “business as usual” investment. It will be largely spent on improving technology to […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
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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 […]