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Bacon & Woodrow launches online trustee service

Bacon & Woodrow is extending its online services to meet the education and information needs of pension fund trustees. Research from the actuaries found following the Myners report, a quarter of UK pension managers believe their trustees need more training. Its Online Trustee service has reference documents, explanatory material, and training materials on fundamental issues, as well as current affairs analysis. It also has an electronic training system that includes fundamentals courses in pensions and investment.

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Fear of multi-tie migration

IFA Promotion considers the CP121 proposals will disadvantage consumers because they fail to distinguish between different sorts of authorised financial adviser and will result in some IFAs going multi-tied.In its response to CP121, IFAP warns that the proposals contain no distinction between distributors advising on the whole market and multi-tied distributors.It believes that multi-tie agreements […]

FSA and fund firms should pay zero sufferers

“It does exactly what it says on the tin,” says one of the ads that appears regularly in the media. If you bought a tin of paint and discovered it contained soup you would be justified in claiming compensation or replacement.Aberdeen Asset Management, with full approval from the regulator, described their progressive growth trust as […]

Virgin Money reinvents itself with loan range

Virgin Money is planning to set up a range of mortgage products in a bid to capitalise on former sister company Virgin One losing the Virgin brand from its title at the end of the year.Current account mortgage provider Virgin One has to rebrand by December 31 under an agreement struck between Royal Bank of […]

Product matters

It is always interesting to see a new product from a major provider. Clerical Medical has the name awareness in the UK and the offshore markets to ensure its products must be considered. Clerical Medical International&#39s global investor bond is a distinct offering of two products within the one wrapper which covers the market for […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.

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