Aberdeen Asset Managers has won the contract to run Guinness Flight Venture Capital Trust. Neil MacFadyen, investment director – growth capital, will be the lead manager.
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Jenkins becomes head of Japanese equities at F&C
F&C has appointed Jamie Jenkins as head of Japanese equities reporting to Mike Hanbury-Williams, head of Pacific equities.Jenkins will be responsible for delivering consistent out performance across F&C’s Japanese equity products.Mark Perrin has been transferred across from the Asia desk where he worked as an analyst for three years and will now report to Jenkins […]
PTA U-turn has damaged industry’s reputation
The Chancellor’s U-turn on pension term assurance was a “total botch” which is damaging the advice, life and pensions industries and has forced an extra cost burden onto IFAs says Positive Solutions. IFA’s are bearing the brunt following the withdrawal of tax relief on stand-alone says Positive Solutions which had nearly 1,000 policies in the […]
PMS to extend offering to mortgage industry
Bankhall’s Premier Mortgage Service is launching a proposition to the mortgage market offering full aggregation of the mortgage club plus compliance and new protection panels. PMS says the new service will compete head to head with the existing mortgage networks and will be underpinned by a bespoke IT platform offering members the benefit of a […]
Beringea treads proven path
Venture capital specialist Beringea is aiming to raise up to £15m for the Proven venture capital trust through a C share issue.
What is the maximum ‘safe withdrawal rate’ of income in retirement?
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. This has presented risks to both individuals and their advisers. In this article the risks are explained – and, importantly, strategies are presented that could help mitigate them. Read this article
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Advisers waste five hours a week on menial tasks
Financial advisers waste almost five hours a week doing menial tasks, according to a study by adviser tech platform Advicefront. With an average hourly wage of £46.38, one hour in eight is spent on unnecessary tasks and costs advisers £220 per week in wasted time. The survey asked advisers how much time they spend weekly on […]
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Kim North: Let’s move away from ‘jobs for the boys’
Last week, the excellent Money Marketing Interactive Harrogate event took place, where I was fortunate enough to be part of the panel on diversity in advice. Last week also saw the 10th anniversary of the Lehman Brothers’ collapse. “If it had been Lehman Sisters rather than Lehman Brothers, the world might look a lot different […]
Pension transfers fall to £8.2bn in Q2
The total value of pension transfers fell from £10.6bn in the first quarter of the year to £8.2bn in the second quarter, the latest figures from the Office for National Statistics show. According to AJ Bell, this is the first drop in value of pension transfers since the second quarter of 2016. The figures coincide with […]