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Virgin Money completes sale to CYBG

CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]

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FCA sounds climate change warning on pensions

The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]

Phil Wickenden: Regulation is no excuse for absence of strategy

There is understandable frustration with what is seen by some as a disconnected policy machine whirring ad infinitum in the FCA’s Endeavour Towers. Take the difficulty in reconciling the stated requirement for robust, consistent, repeatable processes with the now cautionary tones over centralised investment propositions and requirement to evidence the suitability of solutions for various […]

Financial advice for staff could save employers money

Employers who do not help their staff secure financial advice may be faced with succession planning issues and an inability to retain younger staff, according to new research. Findings from Chase de Vere and research provider Lightbulb show financial advice programmes can cost as little as £5,700, and help get employees contributing more to their […]

Equilibrium on why in-house trumps DFMs for investments

Equilibrium Asset Management partner and investment manager Mike Deverell explains why the company’s in-house approach to investing compares favourably against the use of DFMs What does your investment management approach look like? We run our investment management in-house. We focus on asset allocation and buy collective investments including open-ended investment companies, unit trusts, some exchange-traded […]