Abbey is continuing to pay no annual bonuses on its with-profits funds in a bid to cut MVRs and boost terminal bonuses.
The Budget box contained little to boost the savings industry, says Morgan Stanley Quilter executive director Charles Maisey.
Punter Southall has launched a third pension simplification survival guide covering higher net-worth clients and planning around the recovery tax. It includes a guide to the differences between primary and enhanced protection and which is best suited to different clients’ needs.
By James Dowey, Chief Economist and CIO at Neptune The Bank of Japan (BoJ) surprised investors on 28 April by holding monetary policy steady following the meeting of its Policy Board. Many investors had expected an easing of monetary policy and, as such, the TOPIX Index has fallen and the yen has strengthened. Why has […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]