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 […]
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 […]
The UK is free to unilaterally revoke the notification of its intention to withdraw from the EU the European Court of Justice has ruled today. An emergency judgment given a day before a critical vote in parliament on prime minister Theresa May’s Brexit deal says the UK can stop Brexit without consulting any other […]
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]