Aberdeen is looking to merge its 404.8m managed portfolio with its 128m multi-asset fund and has written to shareholders. The firm is also looking to transfer the 40.7m Aberdeen managed distribution fund it acquired from DWS into its Oeic umbrella.
F&C has strengthened its US large cap team with the recruitment of Paul Allison as a US equities fund manager.
The announcement of a further delay to the Parliamentary Ombudsmans report into the collapse of Equitable Life has been branded disturbing by the group of MEPs involved in a separate inquiry.Parliamentary Ombudsman Ann Abraham has written to MPs saying her report will be delayed until at least May next year, taking the total length of […]
Industry veteran Bill Mott is set to retire from Credit Suisse at the end of the month.The widely respected Mott used to lead manage the group’s flaghip income fund in the mid 1990s before leaving the group in 1997 only to return to the fund in 2000.He famously sold all the technology stocks in the […]
Scottish Widows Bank head of product development Murdo McHardy left the company last week to take over as head of mortgages at Intelligent Finance. He starts his new role on October 30.
In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology