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Halting life cover sales could lead to layoffs at Y3S

Specialist broker Y3S Group could make a number of redundancies in its life insurance department.

Matt Cottle, director of Y3S Group, says 24 staff are in consultation, 19 of whom have been redeployed into other Y3S companies.

Cottle says it has yet to make a decision regarding the remaining five, but expects to do so in the next few days.

He adds: “We are no longer selling life insurance and instead increasing our staff numbers in our loan and bridging departments.”

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Gross lending at Welsh mutual goes up by 17%

Monmouthshire Building Society boosted its gross mortgage lending by 17%, in the year to April 2011. The Welsh society lent £105m, up from £90m for the previous year. It says this has led to a net rise in the value of its mortgage assets of £41m, taking the total to £550m.

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The Vickers Report and the mortgage market

There is naturally a major focus in the media today on the Vickers Report but it is important to recognise that the proposals, which the chancellor George Osborne has already accepted, don’t have to be fully implemented until 2019, the same deadline as for the previously announced Basel 3 regulatory changes.

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery

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