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BlackRock appoints international chief

BlackRock has appointed Martin McGovern from Barclays as director of international marketing responsible for implementing the group’s brand strategy across the international business in areas such as advertising, brand research and regional marketing co-ordination.


Edeus and Deutsche in £500m fund deal

Edeus has set up a deal with Deutsche Bank which gives the firm access to £500m via a Deutsche Bank warehouse funding line, allowing diversification of its funding base and an increase in liquidity.

Bankhall sees fee transition

Bankhall says it is is seeing growing interest among advisers to move to a fee and renewal income model.In its latest series of adviser roadshows launched this week, the support services company says 220 firms have already indicated that they are keen to explore a new business model.Chief executive Peter Mann says compared with last […]

Lloyds TSB paves way for sale of Abbey Life

Lloyds TSB has kicked off the process of its sale of closed life insurance business Abbey Life and is expected to fetch more than £1bn.Lloyds is understood to have instructed investment bank Lehman to send information on the business to interested parties which are thought to include Resolution, Swiss Re, Pearl and Sun Capital. This […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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