After 1,200km of arduous cycling across France, members of the Invesco Perpetual UK equity team completed the Octopus Super Challenge Cycle-a-thon in one piece. Neil Woodford and colleagues Stephen Anness and Nick Hamilton (right) negotiated some challenging terrain but a lot of strategically placed padding saw them home. They set off from Esparon in Southern France on September 10 and crossed the finishing line in Notting Hill a week later, raising 115,000 for charities such as Cancerbackup and The Shooting Star Children’s Hospice.
Former Invesco Perpetual chief executive Mike Webb is making a comeback after a two-year break from the industry to join Hermes Pension Management. Webb, who headed distribution at Invesco after stints with GT and Prolific, returns in a similar role at Hermes. Hargreaves Lansdown head of research Mark Dampier says: “Mike Webb knows the retail […]
Risk Helen Pow assesses the return of investors to riskier areas of the markets
Eurolife Assurance Group, which went into administration in August, has confirmed it has put subsidiary Nvesta up for sale. Nvesta has around £120m held in structured products on its book.
Friends Provident has appointed a new group finance director to take over from Philip Moore on November 13.Jim Smart previously group chief financial officer at Boots Group before the merger with Alliance Unichem will be stepping into the role and will join the board on January 1 2007 subject to FSA approval.Philip Moore will succeed […]
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
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The majority of providers are failing to ask customers how likely they are to access their pensions, according to FCA data. The FCA yesterday published data on its website about pension decumulation coming out of its 2017 Financial Lives Survey. The data, which looks at all adults planning to access their defined contribution pensions in […]
Clients cannot always rely on pension providers to follow their wishes when it comes to beneficiaries on death Headlines earlier this year drew attention to a startling statistic that 750,000 people coming up to retirement are at risk of their pension being passed on to an ex-partner when they die because they have not updated […]