Abbey has confirmed that more jobs are likely to go as part of the Grupo Santander cost-cutting plan. It is understood that 2,500 cuts will be made next year. The three-year plan is to increase revenue between 5 and 10 per cent on a yearly cumulative basis and transform Abbey into a full-service retail bank.
The Alternative Investment Management Association has hit back at attempts by the FSA to impose tighter controls on the hedge fund industry. AIMA says it rejects the idea that there is lower compliance among hedge fund managers and says tougher regulation will force hedge fund managers out of the City. The association has gathered opinion […]
Berkeley Berry Birch says it will not go down the multi-tie route as a way of raising capital because it would go against the wishes of the majority of its advisers. Marketing director Carey Shakespeare says some nat-ional IFAs have set-up multi-tie operations, not because their advisers wanted this but because directors needed to raise […]
Eurolife Assurance Group has saved a reported 1m in compensation after 25 per cent of investors in its secured income and growth bonds chose to take a smaller one-off payment instead of the five-year restructuring plan it originally offered when the bond defaulted in January.
Will taxpayers have to bear the consequences of the Govt’s retreat on pensions?
Carmignac Portfolio Patrimoine is more than a fund, it’s a philosophy. Over the past 25 years, through a combination of journeys taken, lessons learned and the people we’ve met, our story continues to unfold. Whether old friends or new acquaintances, we look forward to enjoying the next chapter of the Patrimoine adventure with you. Click […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]