Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.
New Star founder John Duffield has answered IFA concerns about what happens to the firm when he retires by saying he intends to work until he is 100. Speaking to Money Marketing about New Star’s fifth anniversary this week, Duffield, who is 66, says: “I was asked once when I planned to retire and I […]
Live and kicking
Too many equity-release advisers are failing to factor in social security benefits
Gartmore Japan manager Chris Burling is set to join New Star after working his six-month notice at the firm.Burling ran the Japan Opportunities fund at Gartmore as well as an off shore Japan Sicav and the Japanese portion of the Asia Pacific investment trust.He resigned after the group’s £500m May management buyout with private equity […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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The government has given reassurances a ban on cold calling will be in place by June. Yesterday, economic secretary to the treasury John Glen repeated the government’s intention to introduce a cold-call ban as soon as possible. During the third reading of the Financial Guidance and Claims Bill, Glen said Clause 9, introduced by the […]
The template for the disclosure of transaction costs and charges set up by an FCA panel will be released by the end of this week, Money Marketing understands. The institutional disclosure working group is an independent panel created by the regulator last September following the package of remedies outlined in the FCA’s final report into the […]
Good events are becoming increasingly hard to find. There are several reasons for this, and the prospects of the situation improving in the near-term look bleak. Technical sessions from providers have been drying up – I assume for fear of being deemed to break FCA inducement rules. I fondly remember the pensions education sessions with […]