Investment funds under management for June 2005 were up by 19 per cent on figures for June 2004 at a 298bn. Isa funds under management of 41bn also rose by 21 per cent.
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 […]
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Martin Lewis wins claim against PPI chaser that used his image
- Scottish Widows mulls Standard Life corporate pensions book takeover
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]