Scottish Widows has appointed Robert Kerr to the newly created role of head of distribution development. Reporting to sales and distribution director Peter Hendry, Kerr will be responsible for the analysis and assessment of current and future market trends. He will also ensure corporate aims and objectives are aligned with key business partners in both […]
Pension experts are warning that the Government has failed to address how personal accounts will be policed.During a panel debate at Money Marketing Live in London last week, Aegon Scottish Equitable head of pensions development Rachel Vahey said the Government has not raised a debate on how employers will be monitored.She pointed to the experience […]
Fund manager legend Anthony Bolton says Fidelity has set a trend by splitting its special situations fund.He says he would have thought that other fund firms have looked at their fund structures. Bolton says a variety of ideas were considered before the £6.5bn fund split in September 2005 but Fidelity was convinced that dividing the […]
Sanjeev Shah says investors will not see any radical changes in the way the special situations fund is run when he takes over from Anthony Bolton.But Shah says he will reduce the number of stocks within the portfolio from 140 currently to between 85 to 120 as this fits his management style.Both Bolton and Shah […]
The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]