GAM has appointmed Scott Sullivan as group head of legal and compliance.Prior to joining GAM, Mr Sullivan spent five years within Deutsche Bank’s London legal department, where, most recently, he was responsible for the legal support of Deutsche Bank’s asset management, private wealth management and offshore businesses. Sullivan qualified as a barrister in England and […]
In these edgy times, while walking through the City of London, I am always amazed at the stoicism of the British people. Most of us are innately coded to carry on regardless. Those of us in the area of fund marketing have read a plethora of compliance documents recently. But a small, recently introduced paper […]
Scottish Widows Investment Partnership has reduced the minimum investment in its property unit trust from 100,000 to 5,000. Demand for commercial property investment continues to be strong. The move aims to open the fund to the wider retail market following its launch in November 2004. The Swip property trust has been marketed through Lloyds TSB’s […]
The state retirement age should rise to 67 but the public would not accept such a policy, says the Institute for Public Policy Research. The influential thinktank says this is the only way that the pensions system can rem-ain sustainable, given rising life expectancy, and believes the policy should be brought in between 2020 and […]
By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]
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The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service.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? […]