44% – Year-on-year rise in pension investment inflows reported by St James’s Place in the third quarter , from £430m to £620m
0.5% – Growth in UK GDP in the third quarter, according to estimates from the Office for National Statistics
£15.4m – Redress that payday lender Dollar Financial UK will pay to over 147,000 customers after reaching an agreement with the FCA
£204k – salary of MAS corporate services director Lesley Robinson in 2014/15. Robinson is leaving the organisation to join MDL Marinas
£150m – Year-on-year rise in investment-linked bond sales recorded by LV= in the first nine months of 2015, from £98m to £248m
70% – Proportion of 500 adviser websites surveyed by Which? that do not publish their charges online
£474.6bn – Amount wiped off the assets of some of the UK’s largest fund managers in the wake of the China crisis in the third quarter
£452.6m – Total amount lent through equity release products during Q3, £68.3m more than the previous quarter – the biggest quarterly rise in 11 years.
Quote of the week: “They need to put the fire out first before repainting the hallway” – Cazalet Consulting chief executive Ned Cazalet on the need for platforms to address immediate regulatory challenges before tech upgrades.
Originally published in Money Marketing Magazine 29th October 2015