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News

Trade Bodies

AMI warns on lending threat from Govt action

AMI has warned gross mortgage lending for 2010 may fall short of its previous £150bn estimation.

clock 22 July 2010 •

Individual Protection

Life and pensions adviser compensation claims fall 26%

Claims against life and pensions intermediaries fell by a quarter last year according to the Financial Services Compensation Scheme (FSCS).

clock 22 July 2010 •

Investment

Eq Life payouts could be as low as £400m

Equitable Life policyholders will have to wait until the middle of next year for compensation, which could be as little as £400m.

clock 22 July 2010 •

Income Protection

Wiltshire Friendly enters Group IP market

Wiltshire Friendly Society is targeting the small Group Income Protection market, after an adjustment to the society's rules.

clock 22 July 2010 •

Your profession

Keydata debacle sparks 500% FSCS claims jump

The Financial Services Compensation Scheme (FSCS) received almost 20,000 extra investment claims in 2009/10, mostly as a result of the collapse of Keydata Investment Services.

clock 22 July 2010 •

Multi-manager

Chatfeild-Roberts urges caution over complex 'fad' funds

John Chatfeild-Roberts, CIO of Jupiter and head of the group's £4.6bn multi-manager range, has urged investors to go back to basics and avoid being tempted into complex products promising unrealistic returns.

clock 22 July 2010 •

Multi-manager

Henderson adds income product to Intrinsic range

Henderson is set to launch the fourth multi-manager product in its tie-up with IFA network Intrinsic, the Cirilium Strategic Income fund.

clock 22 July 2010 •

Investment

Downbeat Bernanke drives down markets

The FTSE 100 has followed the lead of the US and opened lower this morning, as investors weigh up a gloomy economic update from Federal Reserve chairman Ben Bernanke.

clock 22 July 2010 •

Your profession

HMRC under fire for income tax backlog

HM Revenue & Customs (HMRC) has been criticised by the National Audit Office (NAO) for failing to deal with its huge backlog of more than 18 million unresolved income tax cases.

clock 22 July 2010 •

UK

Santander eyes £3bn listing of UK operations

Spanish banking giant Santander is planning to list its UK operations on the London Stock Exchange as soon as this autumn in a deal worth an estimated £3bn.

clock 22 July 2010 •
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