Old Mutual-owned advice network Intrinsic has entered into early talks to buy Tenet, Money Marketing understands. Although a formal offer has yet to be tabled, well-placed sources say negotiations are underway. One source says: “It’s all being done very informally at the moment, not least because Tenet is not officially up for sale, and Intrinsic […]
Fears are rising that the FCA has been left “rudderless” by a protracted search for new leadership as the regulator runs out of time to finalise its 2016/17 plans. Chancellor George Osborne revealed last week, six months after he announced Martin Wheatley’s contract would not be renewed, that acting chief executive Tracey McDermott would not seek […]
Asset managers need to do more to increase access to payout information on income funds, experts argue, despite work by the Investment Association to push fund groups to be more transparent. The IA, working with the FCA, launched a new Statement of Recommended Practice for accounts for the period ending 31 December 2015. The SORP […]
BlackRock has reshuffled the leadership across its investment business, pulling all of its active equity strategies into one team and bolstering its multi-asset capability. The fund management group has announced that from 1 February, Rich Kushel, chief product officer and head of strategic product management, will take on the role of head of multi-asset strategies […]
Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]