Jessica Tasman-Jones

Jessica Tasman-Jones is an investment reporter for Money Marketing and deputy editor of Money Marketing’s sister title, Fund Strategy. She can be reached on jessica.tasman-jones@centaurmedia.com or 020 7970 4186

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UK looks to align City regulations with EU in Brexit talks

The UK is set to argue the case for “mutual recognition” of financial services rules in Brexit negotiations with the EU, with Chancellor Philip Hammond tipped to endorse the proposals in a speech next week. The Brexit plans, which are reportedly backed by the government and the Bank of England, would provide an alternative “equivalence” […]

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Aegon eager to consolidate crowded platform market

Aegon UK’s chief executive says the business could be in line for further acquisitions by the end of the year, as he reflects on one of its top years. The company released its full-year results today, revealing growth in platform assets for the UK business, totalling £117bn at the end of December compared to £7bn at […]

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Aegon assets hit £117bn

Net inflows of £2.1bn in Q4 have taken Aegon’s platform assets to £117bn, its full-year results reveal. In the UK, earnings for Q4 were stable at €23m (£22bn), with life earnings and the protection business in line with earnings from 2016. Full year earnings increased 94 per cent to £109m. Aegon UK chief executive Adrian […]

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Lloyds pulls £109bn from Standard Life Aberdeen

Standard Life Aberdeen shares fell 6 per cent this morning on news Lloyds is terminating investment management arrangements with the asset manager on £109bn of assets. The Scottish Widows Investment Partnership assets have been pulled because Lloyds sees Standard Life as a rival. Aberdeen Asset Management acquired SWIP in 2014, while Lloyds is the parent […]

Foster Denovo poaches from SJP for London expansion

Foster Denovo has poached from SJP among others as it expands its private client division in London. Nikos Christoforou joins from SJP alongside Dafydd Davies from Fairfax Investment Bank, Olly Yorath from Fairey Associates and Robert Saunders, who has previously worked for Wise Pensions, Leadenhall, and Smith and Williamson. Foster Denovo chief executive Roger Brosch says the firm […]

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Fidelity president jumps ship to US company

Fidelity International president Brian Conroy will soon leave the business for the US company the asset manager was spun out from. Conroy’s role at Fidelity Investments, which is controlled by the same family that owns a large stake in Fidelity International, has not yet been disclosed, but he will be leaving his current role at […]

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Govt’s plans to tackle pension scams ‘light on detail’

Government plans to combat the increasing pension scam epidemic have been described as “light on detail” by Old Mutual Wealth. The Government’s response to the Work and Pensions Select Committee’s report on pension scams revealed tabling a workable amendment to the Financial Guidance and Claims Bill to ban cold-calling, and then making regulations to introduce the […]

Schroders duo among managers to lose ‘alpha’ status

Schroders equity duo Nick Kirrage and Kevin Murphy are among the big-name fund managers to lose their FE Alpha Manager title in this year’s rebalance. In total, 26 fund managers lost their FE Alpha Manager rating in 2018. The rating is awarded to the top 10 per cent of UK retail fund managers according to […]

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Brexit hits fund manager pay

Brexit has been blamed for pay in the UK asset management industry flatlining as remuneration globally in the industry rises. UK employees took home average pay of $134,000 (£99,000) in 2017, the same figure as the previous year, according to salary benchmarking company Emolument. In contrast, US asset management workers saw pay increase 7.3 per […]

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Brewin Dolphin slashes fund costs in managed portfolio service

Brewin Dolphin is cutting costs by up to 18 basis points on funds in its managed portfolio service as it introduces segregated mandates for core asset classes. Star fund managers including Neil Woodford and Nick Train are among the line-up to run segregated mandates in the manager-of-manager approach for four core asset classes. The MPS’s […]

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Smith & Williamson confirms ex-Towry chief’s appointment

Smith & Williamson has confirmed former Towry Group chief executive Andrew Fisher has been appointed a non-executive director. Fisher, who was also chief executive of Coutts, succeeds Bob Bogart, who resigned last year. His appointment is effective immediately. Smith & Williamson refused to comment on his appointment when contacted by Money Marketing at the start […]

Jupiter Merlin portfolios hit by £223m outflows

Jupiter Fund Management’s £7.5bn multi-manager range, Merlin, suffered £223.8m net outflows in Q4, according to data from Morningstar, in the face of increasing competition and a spotlight on fees. Money Marketing sourced data from Morningstar on the Merlin portfolios following a trading update from Jupiter this week, which revealed the range continues to be one […]