Equitable Life to offer exit bonus

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Equitable Life to offer exit bonus

Equitable Life to offer exit bonus
Equitable Life is hoping to return more capital to policyholders next year as the mutual insurer continues to rebuild following its near-collapse in 2000.
Daily Mail, p. 68

Pension Corp float
Retirement scheme insurer Pension Corporation is mulling a flotation. The company is looking to raise funds to continue its rapid expansion, having taken additional assets on to its books in the last few months.
The Daily Telegraph Business, p. 4

Bridges Ventures crosses funding hurdle
Bridges Ventures, the fund manager started to back UK private equity investments with a positive effect on society and the environment, has reportedly amassed £125 million for a new fund.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 27

JPMorgan plans to axe 100 of 650 funds
JPMorgan Asset Management is planning to cut 100 of the 650 funds in its stable of active funds and channel the money it saves into the creation of new products.
This abstract from the Financial Times was produced by Kantar Media
Financial Times FT fm, p. 2

Help to buy, or hinder?
Various newspapers report on the Help to Buy scheme, which is launched today. One notes that “The danger rests in the fact that Help to Buy does not increase supply (the real housing problem in Britain), but instead could fuel – and even finance – demand.”
The Daily Telegraph, p. 23
Also appeared in : Daily Express, p.2, Daily Express, p.2, Daily Mail, p.24, Financial Times, p.3, The Times, p.2

House prices set for high point as market surges
House prices will be in the spotlight today, as the Royal Institution of Chartered Surveyors (RICS) house price index is released and the Help To Buy scheme kicks off nationally.
City AM London, p. 23

Osborne lays ground at EU for RBS split
As a pre-emptive step, the chancellor has sought clearance from Brussels to split the Royal Bank of Scotland, should he decide to approve the creation of a good and bad bank.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1

Royal Mail sale
The seven banks involved in the Royal Mail flotation stand to share £24 million, with controversial giants Goldman Sachs and UBS getting the most. Fees for working on the share sale have been set at 1.1 per cent of the total proceeds.
Daily Mail, p. 6

Finance groups recruit 10,000 staff
According to a survey of 99 companies by the CBI employers’ group and PwC, financial services companies are thought to have hired an extra 10,000 staff in the three months to September as optimism in the sector surged.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 3

The above articles appeared on 07/10/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.