Former Aviva Europe chief executive officer Tidjane Thiam has joined Prudential this week as chief financial officer. Thiam joins the Pru board with immediate effect.
Simon Hudson-Lund has been appointed chief executive of International Financial Data Services. He succeeds chief executive and executive chairman Charlie Eppinger.The former chief operating officer joined IFDS as managing director in 2003 and has been successfully managing the day to day running since being promoted to chief operating officer.Prior to this he was at Legal […]
An Abbey banking adviser suspected of a massive fraud fled the country following a bank audit before returning to face arrest, a court heard.Susan Robertson, 50, a personal banking adviser with Abbey in Milngavie near Glasgow, admitted a series of embezzlement charges when she appeared before Dumbarton sheriff court.The court heard that in addition to […]
Paternoster has taken on the assets of the pension fund of Morrison Bowmore Distillers.Morrison Bowmore is one of Scotland’s oldest scotch whisky distillers and part of the Suntory Group.The transaction has been agreed on a phased buy-out basis.This means that whilst the scheme members benefit from the security of an insurance policy immediately on transfer […]
Former Credit Suisse director of product development Toby Martin is joining Currie as global head of product development. He will join in early May, having been at Credit Suisse Asset Management since 2002. Prior to Credit Suisse he was at SLC Asset Management before its takeover by Credit Suisse and worked for Equitable Life for […]
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]