Bright Grey’s Roger Edwards has discovered that it is indeed a small world.Edwards, who moonlights as a body combat instructor complete with bandana and yellow gloves (yes, it is true), recognised a woman in the front row of his class but could not place her until the end of the session. It turned out to be none other than the secretary to Scottish Life’s Alasdair Buchanan. Edwards has just passed the international exam in body balance, achieving a distinction. Coming soon to a gym near you.
Insight Investment is looking at increasing sales of its multi-manager absolute return product range to the Continent with a euro-denominated global diversified return fund. The Dublin-domiciled fund is the firm’s second retail absolute return fund. The first – the diversified total return fund – has achieved a total return of 10.3 per cent since launch […]
The FSA’s move towards principle-based regulation echoes Tory leader David Cameron’s calls for shared responsibility and should be welcomed, says Shadow Treasury Financial Secretary Mark Hoban. He said principle-based regulation gives businesses the freedom they need to meet the demands of the FSA. Hoban said that firms must make their own decisions about how they […]
ING Direct has entered the mortgage market this week with a fixed rate and a flexible rate offering.The products are not yet available through intermediaries but ING has begun consulting about how best to work with brokers in future. ING chief executive Lindsay Sinclair says: “Research among our one million customers revealed that they want […]
Sources say a pension-style review of contracting out could cost the industry almost £3bn. To put this into perspective, and to demonstrate why the industry is so anxious to put its own house in order quietly, the combined profits of UK-listed insurers in 2005 was £6.376bn.
In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology