Former Morgan Grenfell Asset Management chief Robert Smith has been appointed chairman of the Alliance Trust board. Subject to regulatory approval, Smith will replace Alliance Trust director Karin Forseke who stepped down as chair of the investment trust’s board in November. Smith will take up the role from 1 February. Gregor Stewart will become deputy chairman of the […]
Nest is consulting on plans to allow members to take partial cash withdrawals from their pot as part of a raft of changes at the Government-backed pension scheme. The pension freedoms introduced a new ‘uncrystallised funds pension lump sum’ withdrawal option which allows savers to take chunks of money from their fund, including tax-free cash, […]
A new year has begun – but will it be a happy one for adviser businesses? The implementation of pension freedoms in 2015 was a big shake up which meant many more customers began looking for financial advice. The resulting ‘capacity crunch’ means that in 2016, firms need to continue segmenting those customers they really […]
Jupiter Fund Management secured £496m in new fund inflows in Q4 2015 but was held back by the loss of a segregated mandate worth £57m. In a trading update published today, the fund manager revealed cumulative net mutual fund flows of £2.1bn over 2015, driven by £549m of inflows in the last quarter. Assets under […]
Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.
A few weeks ago, I was bold/stupid enough to suggest that as an industry we can be too eager to dive into the technical nitty gritty and gloss over some of the simple but important bits – understanding the stuff people like and want, then delivering said stuff in a way that floats their boat. […]
Why is a change required when the industry has shown it can do the job? Rightly, there seems to be universal demand for faster transfers between investment platforms when consumers want to switch. The FCA has made it clear it expects this to happen and if it doesn’t, platforms could be facing penalties. In its […]
More than 600 firms have signed up to the Personal Finance Society’s new standard aimed to improve defined benefit transfers since its launch last month. It consists of consumer guide for DB transfers that is meant to help consumers better understand what to expect from regulated financial advice. The guide defines an adviser code based […]