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 will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]