Self-employed are "ideal clients"
Article Abstract:
Self-employed people now constitute 12.6% of the total UK workforce and according to research by UK analysts Datamonitor are three and a half times more likely to own shares than the average, are receptive to new products and are also more prepared to take higher risks with their investments. Thus they are ideal targets for banks and building societies which in the past have been unwilling to lend to them, perceiving them as high risk. The self-employed also have a higher borrowing capacity than the average and should be a prime target for mortgage lenders.
Comment:
UK: Self-employed people now constitute 12.6% of total workforce, according to research by UK analysts Datamonitor
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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Big Five pension firms grab 40% of the market
Article Abstract:
The smaller pension fund managers are gradually being squeezed out of the market, with larger rivals such as Mercury Asset Management (MAM), Schroder and Philips & Drew, increasing their market share. A report from Datamonitor shows consolidation in the market place, such as the acquisition of Ivory & Sime by Friends Provident and of Henderson by AMP. Table: Pension Management Companies Market Share 1998 Mercury Asset Management 10.8% Schroder 9.6% Phillips & Drew 8.7% Barclays Global Investors 6.4% Gartmore 5.5%
Comment:
UK: Smaller pension fund managers are gradually being squeezed out of mkt with larger rivals increasing their market share
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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NPI tracks in a social conscience
Article Abstract:
NPI Asset Management's new NPI Social Index Tracker Fund will be offered to individual and institutional investors from mid-October 1998 and is described as the first tracker fund with a social conscience. The fund will shadow the benchmark for socially sound investment, the NPI Social index. UK-based NPI says that the new fund, which will be part of its open-ended investment company, will examine the weakness and strengths of a firm in dealing with the social and environmental affect of the markets they are in.
Comment:
Will start offering NPI Social Index Tracker Fund to individual and institutional investors starting mid-October 1998
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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