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News

Bonds

Schroders launches Strategic Bond fund for new hire Isaac

Schroders is launching a strategic bond fund for former GLG fixed income star Gareth Isaac and head of global macro Bob Jolly.

clock 07 February 2012 •

US

BP hikes dividend as Q4 profits soar to $7.6bn

UK oil leviathan BP today announced its first dividend hike since it resumed payouts a year ago, after revealing profits had soared in the fourth quarter of 2011.

clock 07 February 2012 •

RDR

Rise of internet sees number of HNWs using IFAs halve

The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.

clock 07 February 2012 •

Wrap/platforms

Ascentric welcomes 230 adviser firms as sales rise 8%

Ascentric saw net new assets rise 8% in 2011 after 226 extra adviser firms signed up to the Royal London-owned wrap.

clock 07 February 2012 •

Investment General

Investors begin quest for compensation in £90m boiler room scam

Advisers with clients exposed to boiler room brokerage Sky Capital have begun enquiries into compensation, IFAonline understands.

clock 07 February 2012 •

Investment

Pensions warning as mortality rate improves

The mortality rate in England and Wales continued to improve last year, prompting actuaries to warn of a knock-on effect on pensions.

clock 07 February 2012 •

Income Protection

Protection industry must provide 'wakeup call' to those relying on State

Cirencester friendly has warned that the government's continued welfare reforms prove relying solely the State for support is a "fool's paradise" and urged the protection industry to push this point across.

clock 06 February 2012 •

Term Assurance

British troops killed without life cover

Dozens of soldiers have been killed in Afghanistan without taking out life insurance while thousands more have served active duty without cover, it has been revealed.

clock 06 February 2012 •

Technology

New site promotes online advice offerings

A website providing details of online financial advice offerings has been launched.

clock 06 February 2012 •

TCF

NAPF: Pension providers must push retirees towards advice

The Association of British Insurers (ABI) must force pension providers to push retirees towards specialist annuity advice, the National Association of Pension Funds (NAPF) has said.

clock 06 February 2012 •
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