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News

Your profession

Retail sales rise may lift UK out of recession-papers

High street sales rose sharply at the beginning of October, according to data released yesterday.

clock 28 October 2009 •

Your profession

Baroness to banks: You're lucky to be able to use word 'advice'

Tied and multi-tied advisers should consider themselves "very lucky" they may be able to use the term ‘advice' when explaining their offering to consumers.

clock 28 October 2009 •

Distributors

EU set to approve Northern Rock split

The European Union is set to give the go-ahead for Northern Rock to be split into two, clearing the way for a partial sale.

clock 28 October 2009 •

Your profession

Pru UK sales fall but with-profits prospers

Falling annuity sales contributed to Prudential's retail UK sales falling 22% in Q3 to £157m compared to the same period last year, but strong with-profits sales helped offset the decline.

clock 28 October 2009 • 2 min read

Wrap/platforms

Ascentric assets top £1bn

Assets on the Ascentric wrap platform have passed £1bn with the provider hoping to achieve profitability by the end of next year.

clock 28 October 2009 •

Investment

M&G posts £1.7bn net retail inflow in Q3

M&G posted a £2.51bn total net inflow during the third quarter of the year, with net retail sales of £1.7bn.

clock 28 October 2009 •

UK

McDermott: de Blonay defection a 'major dent' for Henderson

Guy de Blonay's defection to Jupiter raises serious concerns about the integration of Henderson and New Star, Chelsea Financial Services' Darius McDermott believes.

clock 27 October 2009 •

Structured Products

RBS deal means NDFA plans will go ahead

Four NDFA structured product plans will go ahead, despite the firm being placed in administration.

clock 27 October 2009 •

Cashplans

Bite sized dental care newsletter launched for brokers

Denplan has launched an e-newsletter for brokers called BiteSize News.

clock 27 October 2009 •

Structured Products

Struc prods providers accused of 'marginal' changes following Lehman collapse

Structured product providers made only ‘marginal' improvements to their product literature following the collapse of Lehman Brothers in September 2008, the FSA says.

clock 27 October 2009 •
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