The Week in Numbers – 4th February 2016


15% – Proportion of Ucits funds that could be “closet trackers”, according to the European Securities and Markets Authority

20% – Rise in revenue reported by Mattioli Woods following a spate of acquisitions

30 – Number of sales roles being cut by Aegon as part of a shift towards its platform business

£600m – Value of build-to-rent deal entered into by Legal & General with Dutch asset manager PGGM.  The rental income from the properties will be used to pay annuities

124,803 – Total Mortgage approvals in December, representing a 21 per cent year-on-year increase, according to figures from the Bank of England

£700m – Bid reportedly made by Tilney Bestinvest for wealth management firm Towry

3,205 – Total number of Pension Wise appointments in December, down from a high of 6,755 in October, according to official Government statistics

£516 – Average cost per Pension Wise guidance session in December, up 4.2 per cent compared with the previous month


Quote of the week: “Unless we get a warts-and-all announcement at the Budget, free of headline-grabbing spin, the Government will not achieve the incentive to save” – Dentons Pensions’ Martin Tilley on Treasury plans to overhaul the pension tax system


Originally published in Money Marketing Magazine 4th February 2016

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