Money Marketing
12 August 2009
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100th claim chaser is struck off by the MoJ
13 Aug 2009
The Ministry of Justice Claims Management Regulator has struck off its 100th claim-chaser for poor practice, including high-pressure tactics and misleading advertising.
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1Bn loss for Royal Bank of Scotland
13 Aug 2009
Royal Bank of Scotland has posted a 1bn net loss for the first half of 2009 but, excluding writedowns of goodwill, the bank saw a pre-tax profit of 15m.
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24 opens access to residential mortgage-backed securities
14 Aug 2009
Credit specialist TwentyFour Asset Management has made the residential mortgage backed securities market available to UK retail investors by launching the Monument bond fund, distributed by Gemini Investment management.
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2plan opens Birmingham office
13 Aug 2009
2plan Wealth Management has opened a new office in Birmingham for nine new advisers.
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350 Jobs set to go in Axa shake-up
13 Aug 2009
Axa is undertaking a strategic review of its life and savings business which will result in around 350 jobs being cut.
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A rush to market for Mips, says wrap consultant Stan Kirk
13 Aug 2009
Independent wrap consultant Stan Kirk is predicting a rush to market with new model maximum investment plans over the next few months.
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Active/passive mix in ETFs blurs benefits, says Spencer-Churchill Miller
14 Aug 2009
Spencer-Churchill Miller Private partner Alan Miller says market participants who attempt to offer active fund management within an exchange traded fund risk spoiling the attraction of the investment tool.
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Advice critical for ETF investment, say experts
14 Aug 2009
Advice is critical when investing in exchange traded funds, according to industry experts.
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Aegon launches £860m rights issue to repay Dutch Govt
13 Aug 2009
Aegon has announced plans to raise up to £860m through an equity issue which kick-starts today.
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Altmann says Solvency II will hit personal accounts
13 Aug 2009
Solvency II proposals are set to slash the already inadequate retirement income from personal accounts by a further 20 per cent, according to pensions expert Ros Altmann.
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Australian superannuation fund implements Bravura application
18 Aug 2009
South Australia’s largest private sector superannuation fund Statewide has started its implementation of Bravura’s TalisPension application.
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Aviva building up capital as it targets acquisitions
13 Aug 2009
Aviva is building up its capital in preparation for acquisitions while Legal & General and Standard Life have effectively ruled themselves out of the consolidation drive.
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Aviva postcode pricing for protection
13 Aug 2009
Aviva is piloting postcode pricing in the underwriting of protection products.
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Banks could double salaries
13 Aug 2009
Banks may be forced to double salaries as a result of the FSA's effort to curb the bonus culture, says City law firm CMS Cameron McKenna.
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Banks prohibited from offering long term guaranteed bonuses
12 Aug 2009
The FSA remuneration code for bankers prohibits guaranteed bonuses for more than a year and stipulates that two-thirds of individual bonuses for senior employees will be spread over three years.
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Barclays' payout 'a drop in the ocean'
13 Aug 2009
Barclays' cash payout to members of the final-salary pension scheme it plans to close to future accruals has been dubbed "a drop in the ocean".
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Barclays Wealth - Light Energy Commodity Plan
14 Aug 2009
Barclays WealthLight Energy Commodity Plan
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BNY Mellon to acquire Insight in £235m deal
12 Aug 2009
BNY Mellon is to acquire Insight Investments from Lloyds Banking Group for £235m.
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BoE says timing of UK's economic recovery is "highly uncertain"
12 Aug 2009
The Bank of England says the timing and strength of the UK's economic recovery remains "highly uncertain" despite the considerable fiscal stimulus packages.
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BSA attacks Treasury over Northern Rock restructure
18 Aug 2009
The Building Societies Association says the Treasury's proposed restructure of Northern Rock could distort competition in the UK mortgage and savings market.
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Buy to let arrears drops 17%, says CML
14 Aug 2009
The Council of Mortgage Lenders says the peak in buy to let arrears may have passed as the number of mortgages in arrears for three months or more dropped 17 per cent in Q2 this year.
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BVI and Cayman Islands on OECD ‘white list’
13 Aug 2009
The British Virgin Islands and the Cayman Islands have been placed on the Organisation for Economic Cooperation and Development’s white list after signing a tax information exchange agreement with New Zealand.
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Cater Allen Private Bank - Capital Guaranteed Growth Plan 2
14 Aug 2009
Cater Allen Private BankCapital Guaranteed Growth Plan 2
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Cazenove to launch Absolute UK Dynamic fund
13 Aug 2009
Cazenove is planning to launch an Absolute UK Dynamic fund, one of the industry's first absolute funds with a small- and mid-cap bias, on September 7.
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Charles Stanley buys Matterley Asset Management
17 Aug 2009
Charles Stanley has bolstered its fund management business with the purchase of Matterley Asset Management.
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Compass hits out at Alistair Darling over high pay commission
18 Aug 2009
Left-leaning political pressure group Compass has hit out at Chancellor Alistair Darling who said he is “not persuaded” by the group’s calls for the formation of an independent pay watchdog.
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'CPA would boost public confidence'
13 Aug 2009
The Conservative Party's plans to create a Consumer Protection Agency could give a huge boost to consumer confidence in financial services, according to Zurich.
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Credit risk main deterrent to structured products, says survey
17 Aug 2009
Fifty eight per cent of advisers rank credit risk as the main reason why they would never or rarely recommend structured products to clients, according to a survey from Morgan Stanley.
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Direct-only cover deals
13 Aug 2009
Further to recent concerns over the availability of professional indemnity cover for advice regarding "direct-only mortgages", I thought your readership might be interested in the following observations from PYV.
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Dividend prospects for Keydata creditors 'poor', says PwC
18 Aug 2009
Administrator PricewaterhouseCoopers is still assessing potential litigation for Keydata investors with missing assets in SLS Capital but says dividend prospects for creditors in the insolvent firm are currently ‘poor’.
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Draft core units approved for QCF level four
12 Aug 2009
The Professional Standards Advisory Group has today agreed draft core units, proposed by the Financial Services Skills Council, for the QCF level four qualification for advisers.
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Enhanced annuities boost income by a quarter
17 Aug 2009
Enhanced annuities payout 22 per cent more income on average than conventional annuities, according to MGM Advantage.
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Eq Life compensation to be based on comparable funds
18 Aug 2009
Equitable Life policyholders who lost money when the society collapsed may be compensated based on how their investments would have performed if they had been invested in a similar fund with another life office.
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ETC demand trumps ETFs for high-net worths clients, says Hargreaves Lansdown
14 Aug 2009
Hargreaves Lansdown says exchange traded commodities are proving more popular than traditional ETFs in the private client space.
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EU calls for HMRC to relax rules on Qrops
13 Aug 2009
Pensions and funds consultant Organon predicts a rise in qualified recognised overseas pension schemes among UK residents as HM Revenue & Customs is pushed to be more lenient in line with EU legislation.
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Europa and the bull
13 Aug 2009
We are only halfway through 2009 and what a year it is proving to be. No sooner had investors dusted themselves off after one of the worst-ever starts for European equities than they were riding the wave of one of the strongest-ever post-bear-market rallies.
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Ex-HBOS chief to join Exact board
13 Aug 2009
Former HBOS chief operating officer Phil Jenks has joined the board of mortgage asset manager Exact. Jenks will be a non-executive director overseeing corporate governance and chairman of Exact's risk committee.
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F&C turns to Nevsky
17 Aug 2009
F&C’s multi-manager team has added the Nevsky global emerging markets fund to its multi-manager growth fund, multi-manager balanced fund and lifestyle growth portfolio.
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Fed Treasury purchases slow
13 Aug 2009
The Federal Reserve announced yesterday that it is to slow the pace of its purchase of $300 billion (£181 billion) of Treasury securities.
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Final call
13 Aug 2009
Thoughts of pensions may have been put on the back-burner for many people, given the economic turmoil and rising unemployment. Spare cash is at a premium for many households, with getting by day to day the order of the day rather than planning for those retirement years.
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Flight to quality for Legg Mason
18 Aug 2009
Legg Mason Investors has established a global blue chip bond fund which aims for income and growth by investing in investment-grade bonds that are ratedA- or higher by S&P and other ratings agencies.
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Former Pointon York chief launches new pension firm
18 Aug 2009
Former Pointon York Sipp Solutions chief executive Christine Hallett has launched her new firm, Carey Pensions UK.
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France and Germany heading for recovery
13 Aug 2009
France and Germany both reported GDP growth of 0.3% over the second quarter of 2009 this morning, indicating that their economies are moving out of recession.
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Friends deal sparks adviser concerns
13 Aug 2009
Advisers have expressed uncertainty over the impact that Resolution's acquisition of Friends Provident will have on policyholders.
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FSA deferral on Lehman victims sparks fury
17 Aug 2009
The FSA has come under attack over its investigation into Lehman-backed structured products after it deferred compensation claims for a further three months.
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FSA defers Ombudsman decision on Lehman-backed structured products
14 Aug 2009
The Ombudsman has agreed to defer its consideration of complaints relating to Lehmans-backed structured products by a further three months, following a request from the FSA.
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FSA says bonuses are an issue for Government
13 Aug 2009
The FSA has said it is not responsible for dictating individual bankers' bonuses and that this is a matter for Government.
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FSA to back down on bankers' pay code
12 Aug 2009
The FSA has softened its proposals on the structure of bankers’ bonuses in order to ensure the UK remains a competitive jurisdiction, according to the Financial Times.
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FTSE pushes higher
18 Aug 2009
The FTSE opened at 4,671 today rising as high as 4,687 in early trades with help from mining and financial stocks.
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Gemini Investment Management/TwentyFour Asset Management - Monument Bond Fund
14 Aug 2009
Gemini Investment Management/TwentyFour Asset ManagementMonument Bond Fund
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Giles Hargreave joins board of Keydata Aim VCTs
14 Aug 2009
Hargreave Hale chief executive Giles Hargreave has joined the board of two of Keydata’s Aim venture capital trusts as non executive director.
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Government may increase IHT to 50%
13 Aug 2009
Vantis head of inheritance tax planning Peter Legg says IHT could rise to 50 per cent as the Government seeks to bolster the public purse.
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Govt likely to resist Resolution bid for Lloyds life firms, says KBW
12 Aug 2009
The Government is likely to object to the Resolution structure if it were to bid for any of the Lloyds Banking Group life businesses, say analysts Keefe, Bruyette & Woods.
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Gravis extends closing date for infrastructure fund
13 Aug 2009
Specialist advisory group Gravis Capital Partners has extended the closing date for subscriptions into its infrastructure fund due to demand.
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Guardian selects Pibs
14 Aug 2009
Guardian Managers has launched a fund to provide long-term income by investing in permanent interest bearing shares issued by UK building societies.
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Hargreaves Lansdown adds fund pair to Wealth 150
18 Aug 2009
Hargreaves Lansdown has added the City Financial strategic gilt and Insynergy Odey fund to its Wealth 150 range.
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Henderson could drop New Star brand
13 Aug 2009
Henderson Group may drop New Star from its Henderson New Star retail brand.
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Hermes hires chief economist
18 Aug 2009
Hermes Fund Managers announced today the appointment of Neil Williams as chief economist for its fixed income team.
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Holland quits Capita to launch dotcom venture
13 Aug 2009
Capita Financial Software non-executive chairman Paul Holland has stepped down from his role to focus on his new venture Allmyplans.com.
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Hornbrook and Chelsea part ways
13 Aug 2009
Chelsea Building Society chief executive Richard Hornbrook leaves the society by mutual agreement at the end of August to be replaced by chairman Stuart Bernau.
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Hornbuckle commitment on Sipp fees
13 Aug 2009
While usually delighted when Hornbuckle Mitchell achieves front-page coverage, I was surprised that certain details of the changes we made to Sipp fees nearly six months ago received such prominence only last week.
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HSBC multi-manager view: The right blend
13 Aug 2009
The portfolio construction element of any multi-manager process is crucial.
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Identity parade
13 Aug 2009
The news that from 2010, the Information Commissioner's Office will be given the power to impose fines for data protection breaches should serve as a reminder to anyone involved in handling client data of the importance of being diligent at all times.
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IFA Life launches adviser website directory
17 Aug 2009
IFA Life is launching a directory of advisers’ websites that will allow consumers to search for IFAs by location.
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IFAs want Cable as Chancellor
13 Aug 2009
Liberal Democrat Shadow Chancellor Vince Cable should be the next Chancellor, according to a poll of IFAs.
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IFP launches 2009 Financial Planning Week
18 Aug 2009
The Institute of Financial Planning is launching the 2009 Financial Planning Week as a national consumer awareness campaign.
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Ignis chief executive to leave firm
12 Aug 2009
Ignis Asset Management chief executive Gavin Stewart is leaving the firm.
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Impact points
13 Aug 2009
Whenever I have an argument with someone, I always end up, many hours later, thinking of something else I should have said at the time. It's known as the "and another thing syndrome".
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Industry role questioned over invest & give fund
13 Aug 2009
Arch Financial Planning managing director Arthur Childs has questioned how charitable a role the fund industry is playing in the invest & give fund.
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Inflation rate remains at 1.8 per cent
18 Aug 2009
The UK inflation rate has unexpectedly held at 1.8 per cent as sales in the likes of DVD’s, computer games and alcohol rose.
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'Insufficient case' for long stop
13 Aug 2009
The legal adviser to the joint committee on human rights has found that the lack of a 15-year long stop for financial advisers is not "sufficiently significant" for the committee to pursue.
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Investec Structured Products - 1 Year Range Deposit - Bull Issue 12
18 Aug 2009
Investec Structured Products1 Year Range Deposit - Bull Issue 12
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It’s in the post
18 Aug 2009
News that Aviva is piloting postcode pricing in the underwriting of protection products, revealed in last week’s Money Marketing, is a big step forward for the protection industry.
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Jail for IFA who stole £290k
13 Aug 2009
A Yorkshire-based independent financial adviser who stole more than £290,000 from clients has been jailed for four years.
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Jubilee stands on European Podium
14 Aug 2009
Jubilee Financial Products has introduced the Podium deposit account, a structured product which is linked to the performance of a basket of 50 European blue-chip stocks over a five-year term.
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Judge brands adviser a disgrace over fraud
13 Aug 2009
A financial adviser described as a "disgrace" by a judge has been jailed for four-and-a-half years for defrauding clients out of more than £200,000.
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L&G and Scot Wids top Cowdrey’s shopping list
12 Aug 2009
Legal & General and Scottish Widows are top of Clive Cowdrey’s shopping list, according to reports in The Telegraph.
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Leading Tory attacks FSA for failure over structured products
17 Aug 2009
Conservative MP for Wantage & Didcot Ed Vaizey says the FSA's failure to properly investigate and compensate investors who lost money in Lehman Brothers structured products proves it is not fit for purpose.
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Legg Mason - Western Asset Global Blue Chip Bond Fund
14 Aug 2009
Legg MasonWestern Asset Global Blue Chip Bond Fund
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Legg Mason offers absolute fund in joint venture
13 Aug 2009
Legg Mason is planning to launch a global absolute return fund with fund of hedge fund manager Permal.
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Lincoln cites a lack of demand for taking business off Cofunds
13 Aug 2009
Lincoln Unit Trust Managers has taken its funds off Cofunds, citing a failure to get significant market traction.
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Lloyds planning bancassuance rollout
13 Aug 2009
Lloyds Banking Group is planning an integrated bancassurance proposition in 2010, combining the salesforces of Scottish Widows and Clerical Medical.
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Lloyds share issue looks to raise 15bn
13 Aug 2009
Lloyds Banking Group is reportedly looking to raise up to 15bn through a share issue to cut the cost of its participation in the Government's asset protection scheme.
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Loan agreement
13 Aug 2009
The forthcoming review of mort-gage regulation by the FSA will attempt to look back at the problems of recent months and put in place procedures and controls to prevent the possibility of a re-occurrence of the elements that led to the weaknesses in the markets.
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LV= looks to rival Living Time with fixed annuity
12 Aug 2009
LV= is looking to launch a fixed-term annuity to rival Living Time’s products, Money Marketing understands.
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LV= looks to rival Living Time with fixed annuity
13 Aug 2009
LV= is looking to launch a fixed-term annuity to rival Living Time's products, Money Marketing understands.
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M&G sees 254% rise in inflows
13 Aug 2009
M&G has seen a 254 per cent rise in net investment inflows for the first six months of 2009.
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Macquarie adds asset allocation tools to wrap
17 Aug 2009
Macquarie has launched a series of asset allocation tools on its wrap.
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Manager focus: Tony Yousefian
13 Aug 2009
The time is right to shift out of investment grade credit and into high yield, according to OPM Fund Management’s Tony Yousefian.
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Ministers look to legislate bankers' bonuses, say reports
14 Aug 2009
Senior cabinet ministers disappointed with the FSA’s remuneration code are considering introducing new legislation on bankers’ bonuses, according to the Financial Times.
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Mirae Asset appoints MD for European business
18 Aug 2009
Mirae Asset Global Investments has appointed Myung Joo Park as managing director for the company’s European business.
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Moonraker waits for gold price to rise and fall
12 Aug 2009
Fund of hedge funds manager Moonraker is waiting for the price of gold to rise then pull back before it takes a long position in the asset class for its commodities and global opportunities funds.
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MPs slam regulator over 'leisurely' view of arrears
13 Aug 2009
The Treasury select committee has slammed the FSA for its "leisurely" approach to the mortgage arrears review and says it fears some lenders are using arrears charges as an alternative profit stream.
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Multimanager portfolio boosts Witan half year results
17 Aug 2009
Investment trust Witan has reported a net asset value return of -0.59 per cent compared with a benchmark return of -1.93 per cent for the six months ended June 30.
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NDFA - Defined Income Plan August 09
18 Aug 2009
NDFADefined Income Plan August 09
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New financial services job vacancies dip 59%
18 Aug 2009
New job vacancies in the financial services sector has dropped 59 per cent from July 2008 to July this year, Morgan McKinley research reveals
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New post-war art investment index launches
17 Aug 2009
Art Market Research has teamed up with mutual fund Collection of Modern Art to create a new index specifically to track post-war art.
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Newcastle Intermediary Services - Guaranteed Capital Return Account
18 Aug 2009
Newcastle Intermediary ServicesGuaranteed Capital Return Account
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Nomura launches Ucits III emerging markets protected fund
12 Aug 2009
Nomura has launched the global emerging markets III 80 per cent protected fund.
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Northern Rock drops off list of big five lenders
18 Aug 2009
Northern Rock has dropped off the list of five biggest lenders and its market share has plummeted, according to Council of Mortgage Lenders data.
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Novia teams up with three new DFMs
14 Aug 2009
Novia has teamed up three new discretionary fund managers, Vestra Wealth, Williams de Broë and Barmac Asset Management.
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Over 300 banks forced to disclose offshore details to Revenue
13 Aug 2009
Over 300 banks have been ordered to give details of UK taxpayers with offshore accounts to HM Revenue & Customs.
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Paradigm offers Australian buy-to-let investments
18 Aug 2009
Paradigm Mortgage Services has joined forces with property investment company Forrester Cohen to offer buy-to-let property investments in Australia.
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Paul Lothian
13 Aug 2009
Personal Finance Society president Paul Lothian started his financial services career at the age of 17 when, struggling for a big break in the music business, he joined his parents’ Dundee insurance brokerage as an office junior.
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Paul Tebbutt joins Simon Chamberlain at Succession
12 Aug 2009
Former Millfield chief executive Paul Tebbutt has joined Simon Chamberlain’s IFA consolidation firm Succession as a relationship director.
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Pearl wants ex-Aviva chief Harvey for chair, say reports
17 Aug 2009
Pearl is reportedly attempting to secure former Aviva chief executive Richard Harvey as its new chairman.
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Pictet Funds - US Equity Value Selection
14 Aug 2009
Pictet FundsUS Equity Value Selection
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Platform reviews aid IFA choice
13 Aug 2009
Platforum has launched a service for IFAs to anonymously review platforms in order to help other advisers in their wrap selection process.
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Protection campaign ponders portal idea
12 Aug 2009
The Consumer Protection Insurance Engagement Campaign is consideringlaunching an independent online protection portal to boost consumerunderstanding of the products.
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Pru claims UK is crucial and deflects Resolution speculation
13 Aug 2009
Prudential has insisted its UK arm is crucially important to the group, playing down speculation that the business may be Resolution's next acquisition.
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Prudential boosts dividend by 5 per cent
13 Aug 2009
Prudential has increased its interim dividend by 5 per cent to 6.29p per share as profits on an EEV basis fell 8 per cent to £1.2bn in the first half of 2009 compared with the same period last year.
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PwC billed £12.7m for non-Isa compliant Keydata plans
18 Aug 2009
Keydata administrator PricewaterhouseCoopers has been issued a tax claim of £12.7m by HM Revenue & Customs for non-Isa compliant plans.
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PwC says some Keydata clients were not properly invested
17 Aug 2009
A few hundred Keydata clients have not been properly invested in their plans due to administrative errors, according to PricewaterhouseCoopers.
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Quarter of FTSE 100 firms unable to pay off pension deficits
13 Aug 2009
Nearly a quarter of FTSE 100 firms will be unable to pay off their pension deficits over any reasonable time period according to KPMG.
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Question time
13 Aug 2009
I am sitting in my office minding my own business when I get a phone call from an IFA in Manchester seeking some assistance.
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Raw deal?
12 Aug 2009
Sesame lost £1m in the first half of 2009, plunging from a profit of £2m in 2008, but insists it remains in a strong position to independently fund the takeover of Bankhall.
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Ray Boulger - lenders should pay a fee when they make errors
13 Aug 2009
The Treasury select committee’s report on mortgage arrears and access to mortgage finance pulls no punches. Furthermore the FSA is just as much in the firing line as lenders.
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RDR offers IFAs a fantastic future
13 Aug 2009
There have been too many in the industry that have used the RDR for their own ends to try to panic IFAs into believing that the RDR is bad for the small practitioner, or you will need a PhD, as if large firms or purely academic qualifications were either required or offered some magic solution.
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Repossessions fall but mortgage arrears increase
14 Aug 2009
The number of houses repossessed dropped 10 per cent in the second quarter of 2009, according to the latest figures published by the Council of Mortgage Lenders.
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'Retirement age will go beyond 68'
13 Aug 2009
The Pensions Regulator chairman David Norgrove has predicted that the state pension retirement age in the UK will have to increase further than 68.
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Ring of competence
13 Aug 2009
Tenet has welcomed the FSA's willingness to recognise both the value and potential risk of losing experienced advisers following its proposal to introduce QCF level four work-based assessments. The group believes that this is a positive and pragmatic approach, even though the detail is still vague at this time.
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Royal London 360° expands protection range
17 Aug 2009
Royal London 360° has launched a new unit-linked whole of life protection product called LifePlan.
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Salisbury launches salary gap insurance
17 Aug 2009
Salisbury Underwriting Services is launching a new insurance product in the UK to help workers safeguard against loss of wages.
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Senn replaces Schiro as Zurich chief exec
13 Aug 2009
Zurich Financial Services has appointed Martin Senn as its new chief executive. Senn, who is currently the firm's chief investment officer, will replace James Schiro when he retires in December.
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Serious Fraud Office to investigate Iceland’s banking collapse
14 Aug 2009
The Serious Fraud Office is to meet Icelandic investigators next month in a bid to discover if any criminal wrongdoings led to the collapse of Iceland’s banking sector.
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Sesame profits suffer £1m loss
13 Aug 2009
Sesame lost £1m in the first half of 2009 from a profit of £2m over the same period in 2008. Despite the loss, Sesame insists it is in a strong position to independently fund the Bankhall buyout and says it is on track to end the year profitably.
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Simplyhealth appoints new chairman
17 Aug 2009
Healthcare provider Simplyhealth has appointed Ken Piggott as its chairman of the board.
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Skandia awards second UK strategic mandate to Cazenove
12 Aug 2009
Skandia Investment Group has appointed Cazenove to run a second mandate for its Skandia UK strategic best ideas fund.
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Skandia to add due diligence facility to Platformwatch
13 Aug 2009
Skandia is enhancing its Platformwatch tool to enable advisers to carry out their own due diligence report on individual platforms.
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Slow change of course for commercial super-tanker
13 Aug 2009
Remarkably, given that we are right in the middle of the bucket and spade season, there is so much news around that I feel positively spoilt for choice. First, we have the plethora of company results being showered on those who feel obliged to take notice. By and large, these have not been too bad. By that I mean, of course, that our worst fears have not been realised. The first half of 2009 has not exactly been a bed of roses but we have survived.
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Solicitors' clients need more than investment advice
13 Aug 2009
Recent clarification from the Solicitors Regulation Authority that solicitors should only refer clients to IFAs for investment advice is very welcome.
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Standard Life confirms UK property launch
17 Aug 2009
Standard Life has confirmed plans to launch a UK property unit trust.
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Standard Sipp sales hit by FSA review
13 Aug 2009
Standard Life chief executive Sir Sandy Crombie has admitted that the FSA's thematic review of pension switching contributed to a 26 per cent fall in new Sipp business in the first half of 2009.
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Stroud & Swindon chief executive quits
17 Aug 2009
Stroud & Swindon Building Society's chief executive David Hill is stepping down from his role at the end of August after nine years at the mutual.
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Structure and governance assurances helped seal deal
13 Aug 2009
Friends Provident says clarifications about Resolution's structure and governance has helped it agree to the acquisition vehicle's latest offer.
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Sun Life of Canada bolsters marketing
13 Aug 2009
Sun Life Financial of Canada has appointed The Hartford's Mark Stopard as head of marketing for its UK life and pensions arm. Stopard will establish a product strategy for the firm following the acquisition of Lincoln National UK.
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TD Waterhouse acquires OMX Securities
13 Aug 2009
UK execution only broker TD Waterhouse is acquiring 100 per cent of the share capital of OMX Securities Services, a provider of outsourced clearing and settlement services.
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Tebbutt joins Succession to bring in IFA businesses
13 Aug 2009
Former Millfield chief executive Paul Tebbutt has joined Simon Chamberlain's IFA consolidation firm Succession as a relationship director.
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The Money Centre teams up with Smartlandlord.co.uk
18 Aug 2009
The Money Centre has teamed up with buy to let website Smartlandlord.co.uk in a bid to help landlords save costs and make their portfolios more profitable.
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The will to win business
13 Aug 2009
Wills could be a useful area of diversification for IFAs who have seen their business hit by the financial downturn.
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Three-quarters of policyholders failing to read wake-up packs
14 Aug 2009
Nearly three-quarters of people are not fully reading providers’ wake-up packs in the run-up to their retirement.
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threesixty adds to IFA portfolio service
13 Aug 2009
threesixty, the fee-based IFA support provider has added two ranges of model portfolios to its asset allocation service.
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UK unemployment rises to 2.44 million
12 Aug 2009
The number of unemployed people in the UK has risen to 2.44 million, the highest figure since 1995.
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UKFI will not block Resolution from Lloyds assets, say reports
17 Aug 2009
Resolution's Clive Cowdery has reportedly held talks with UK Financial Investments over the sale of Lloyds Banking Group's insurance brands.
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Vanguard Investments UK - FTSE Developed Europe ex-UK Equity Index Fund
14 Aug 2009
Vanguard Investments UKFTSE Developed Europe ex-UK Equity Index Fund
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Vanguard Investments UK - FTSE UK Equity Income Index Fund
18 Aug 2009
Vanguard Investments UKFTSE UK Equity Income Index Fund
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Vanguard Investments UK - FTSE UK Equity Index Fund
14 Aug 2009
Vanguard Investments UKFTSE UK Equity Index Fund
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Vanguard Investments UK - Global Bond Index Fund
14 Aug 2009
Vanguard Investments UKGlobal Bond Index Fund
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Vanguard Investments UK - Pacific ex-Japan Stock Index Fund
14 Aug 2009
Vanguard Investments UKPacific ex-Japan Stock Index Fund
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Vanguard Investments UK - UK Investment Grade Bond Index Fund
14 Aug 2009
Vanguard Investments UKUK Investment Grade Bond Index Fund
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Who pays for Pada?
13 Aug 2009
The combination of the retail distribution review and the way that personal accounts are funded amounts to nationalisation of group personal pensions by the back door.
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Will temporary annuities take off?
14 Aug 2009
The news that LV= is looking to launch a fixed-term annuity, revealed in this week’s Money Marketing, has prompted a thoroughly positive response so far.
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Yearsley will head PSigma operations
13 Aug 2009
PSigma Asset Management has appointed Lachlan Yearsley as head of operations. Yearsley joins from Credit Suisse, where he was head of pricing and valuations and pooled pension administration.
