Park Row, A Royal Liver Company, the newly combined sales force effected last month has appointed Peter Sprung as its new chief executive.Sprung was promoted from head of Park Row Corporate and Private Clients and will also join Royal Liver’s executive team.Outgoing Park Row chief executive and founder Tim Newman, will stand down, remaining at […]
Only 3 per cent of consumers are buying critical-illness policies off the shelf but providers are still concerned that direct sales are a growing threat. Skandia says although the 3 per cent reflects intermediaries’ domination as the distribution channel for protection products, the direct market share could rise to a quarter as high-street banks and […]
Christmas on the high street appears to have set some interesting trends and I wondered whether there are lessons which we can pick up from the mortgage market. Last year saw disappointing volumes on the high street and in the mortgage market so the parallels may well start there. Three or four trends were noticeable on the high street over Christmas and I will pick these up individually and see what they may mean for our market.
The Money Marketing campaign regarding supermarkets selling life insurance direct makes some good points regarding the need for advice and the danger of misbuying. However, this is a somewhat narrow and dangerous view: First, it presupposes that the consumer knows little or nothing about what they are doing and therefore will buy the wrong product […]
In this short video, Peter Rutter, head of global equities at Royal London Asset Management, explains how he uses the company life cycle framework as part of his investment approach. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
Fundsmith has successfully launched its new investment trust, Smithson, to the main market of the London Stock Exchange this morning. The asset manager led by star manager Terry Smith has confirmed that 82,250,958 shares were issued at 8am. The firm also noted that Smith and the other founder partners and key employees of Fundsmith currently […]
Exit fees can mean advisers are hit with high and unpredictable costs, but are they justified? Many advisers have been caught out with the unexpected burdens that come with trying to leave a platform, and an increasing number of them are looking into the potential pitfalls that exiting discretionary fund manager services could bring as […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]