Money Marketing
22 october 2009
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Guy de Blonay quits Henderson New Star for Jupiter
27 Oct 2009
Financials guru returns to Jupiter in January 2010.
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£1 Buys 218 Halifax estate agencies
22 october 2009
Lloyds Banking Group is selling its 218 Halifax Estate Agencies for £1 to LSL Property Services.
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3A says Ucits III is answer to transparency
22 october 2009
Fund of hedge funds manager 3A is meeting demand for greater liquidity and transparency with a Ucits III fund of hedge fund.
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50% Equity-release rise for Just Retirement
22 october 2009
Just Retirement saw a 51 per cent increase in equity-release business in the quarter to September 30 compared with the same period last year, jumping from £33.1m to £50m.
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A suitable case
22 october 2009
Advisers have a strong opportunity to contact solicitors and accountants when reviewing investment trusts
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Adviser Fund Index
22 october 2009
More than just a blip, the pound’s recent slide could signal the start of a prolonged period of weaker sterling, according to Adviser Fund Index panellists.
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Apollo looks to new frontiers with Silk funds
22 october 2009
Apollo Multi-Asset Management is adding two frontier markets funds from boutique fund manager Silk Invest to its Apollo balanced fund.
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Appeal rejects PPI ban
22 october 2009
The Competition Appeal Tribunal has overturned the Competition Commission’s proposal to ban point-of-sale payment protection insurance.
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Ascentric sales head Sandiford quits platform
22 october 2009
Ascentric head of sales Shaun Sandiford has left the platform to pursue other interests.
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ATP pulls out of bidding for personal accounts
22 october 2009
Danish admin provider ATP has withdrawn from the running for the contract to administer personal accounts.
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Aviva cuts MVRs on with-profits products
22 october 2009
Aviva has reduced the market value reductions on its with-profits policies.
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Cofunds says life companies are scared of losing assets
22 october 2009
Cofunds claims life companies, want to get into the platform sector is because they are frightened of losing assets.
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Court backs cash for Equitable Life victims
22 october 2009
Thousands of Equitable Life policyholders may be eligible for compensation after the High Court last week ruled the Government had unlawfully rejected the Parliamentary Ombudsman’s findings of maladministration.
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Decline and fall of fund firms
22 october 2009
Chris Gilchrist predicts a “slow death” for much of the active fund managment industry.
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Déjà-vu all over again
22 october 2009
“Will the new Adviser Alliance succeed in building a bloc of militant IFAs willing to join battle against overbearing regulation?”
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Five to leave Aegon after Europe equities' reshuffle
22 october 2009
Aegon sales and marketing director Jon Bennett and four European fund managers are leaving the firm following a restructure.
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Fohfs see moves to managed accounts
22 october 2009
Fund of hedge fund managers say the industry is moving towards managed accounts because investors who were locked into funds that restricted redemptions now want greater transparency and liquidity.
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Harman calls for women on financial firms' boards
22 october 2009
Equalities Secretary and minister for women Harriet Harman says women must sit on the boards of financial services companies to ensure firms understand and are representative of their customers.
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Independent label defines choice
22 october 2009
The label of “whole of market” mortgage advice could be replaced with “independent” mortgage advice.
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Intelligent slams Aegon direct service
22 october 2009
Intelligent Pensions has attacked Aegon’s new direct-to-consumer annuity service.
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Jobs set to go in PMS and Bankhall deal
22 october 2009
Sesame’s acquisition of Bankhall and PMS from Skandia has been completed but the network has warned that redundancies are likely.
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L&G link-up for release referrals
22 october 2009
Legal & General Mortgage Club has linked up with Key Retirement Solutions to offer an equity-release referral service.
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L&G teams with Accord to offer reverse tracker
22 october 2009
Legal & General mortgage club has launched a reverse tracker loan through Accord Mortgages.
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'Lock into an annuity now'
22 october 2009
Investors approaching retirement should look at locking into an annuity now to benefit from stockmarket gains before possible falls in markets and annuity rates, according to Hargreaves Lansdown.
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London & Capital retail debut
22 october 2009
London & Capital has made its first move into the UK retail sector with three income funds.
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LV= and Royal Liver merger talks to create £10bn mutual
22 october 2009
LV= and Royal Liver are in talks over a possible merger, according to press reports.
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McAteer joins FSA board
22 october 2009
The FSA has appointed Mick McAteer, Brian Pomeroy, Andrew Scott and James Strachan as non-executive directors.
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McFall wants FSA to draw up code on bereavement
22 october 2009
Treasury select committee chairman John McFall has urged the FSA to develop a code of practice for financial companies dealing with bereaved customers.
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MM leader: FSA gets it largely right on mortgages
22 october 2009
There is no doubt the FSA’s mortgage reforms will lead to a radical shift in the way mortgages are bought, sold and advised on.
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MPC to increase QE to battle recession, say experts
23 Oct 2009
Many see shock GDP contraction as cause for MPC action
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Nish takes over from Crombie at Standard
22 october 2009
David Nish will take over from Sandy Crombie as group chief executive of Standard Life from January 2010.
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Origen to axe 72 for RDR
22 october 2009
Origen is cutting 72 jobs as it looks to restructure for the retail distribution review.
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Out of Context
22 october 2009
“I dropped out, became a hippy, hung out in Ibiza and lived on a nudist commune.”
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Political accord over after pension clash
22 october 2009
Pensions minister Angela Eagle believes that the political consensus on pension reform has come to an end after a heated exchange in Parliament with the Conservatives this week.
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Protection push could be funded by product levy
22 october 2009
Scor Global Life UK head of business development Roy Chappell suggests the Consumer Protection and Insurance Engagement Campaign could be funded by a levy imposed on all protection products.
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PwC in talks with firm to take over Keydata admin side
22 october 2009
Administrator PricewaterhouseCoopers is understood to be in advanced talks with an interested party regarding the sale of Keydata’s admin business.
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Regulator warns IFAs of consolidation conflicts
22 october 2009
The FSA has written to small IFA firms warning that if they are joining an IFA consolidation vehicle to leave the market they must ensure that the new solution is suitable for all clients and beware of conflicts of interest.
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River offers two credit funds
22 october 2009
Thames River is to bolster its fixed-income offering with two credit funds.
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Sector is spared the RDR
22 october 2009
The FSA has stopped short of imposing higher minimum qualifications or adviser-charging on the mortgage market.
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Sesame has 28% NDFA stake
22 october 2009
Sesame owns a 28.5 per cent stake in collapsed structured product providers NDFA and its sister company Defined Returns Limited.
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Standard's Jolly joining the ABI
22 october 2009
The Association of British Insurers has appointed Peter Jolly as assistant director for consumers and distribution reform.
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Swip appoints Roger Webb to bond team
27 Oct 2009
Ex-Aviva man to be investment director, corporate bonds.
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Thomas to be interim chief ombudsman
22 october 2009
The Financial Ombudsman Service has appointed David Thomas as interim chief ombudsman, following the resignation of Walter Merricks.
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Tories to review basics of personal accounts
22 october 2009
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Witan chiefs to step down in management shake-up
22 october 2009
Witan Investment Trust chief executive Robert Clarke and chief investment officer Mark Lynam are stepping down after a management restructure.
