Alliance & Leicester group managing director Peter McNamara has resigned after 15 months following a restructuring of the banks executive directors. Executive chairman John Windeler is expected to stay in his existing role, while group finance director Richard Pym will step to managing director, retail banking.
Accountancy firm KPMG is calling for the relaxation of rules for employers offering financial advice to staff. It believes technology tools would help choose financial products.It is also asking for incentives to encourage employers and staff to take up stakeholder pension schemes.
Laurie Dean's client (Money Marketing, September 20) is certainly not alone in being subjected to a plague of invitations to Friends Provident IHT planning (that is, buy a bond) seminars.I have just received the latest of many. Every time this happens, I call them and suggest that reneging on their no cross-selling vows to the […]
SG LIFE & PENSIONS SG LIFE INTERNATIONAL BONDType: Traditional offshore bond.Aim: Growth by investing in a choice of three risk-graded portfolios,cautious, balanced, aggressive or a self-select option with a choiceof 94 unit trusts, Oeics, managed bond funds and investmenttrusts.Minimum investment: £50,000.Place of registration: Guernsey.Investment split: Choice of three risk graded portfolios, cautious,balanced, aggressive or a […]
As the Liberal Democrats assembled for their annual love-in last week in Bournemouth, international events proved much more important than slating the Tories for once and delegates adopted an appropriately serious tone throughout the week.Security was noticeably heightened, with ladies in bright yellow shirts searching people's bags.The scheduled events were thrown into disarray as an […]
Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes