BlackRock completed its merger with Merrill Lynch Investment Managers last week. The company, which has $1tn of assets, will be called BlackRock MLIM. Changes to MLIM’s UK fund range are expected to be announced shortly.
It is with no pleasure that Money Marketing this week warns of a 2.8bn contracting-out problem which could hit the industry.
Positive Solutions’ partners could share an £80m cash pot if the company meets its targets for a 2010 flotation. The company is aiming for a flotation value of £660m backed by a total of 2,500 advisers and an annual turnover of £150m with adjusted operating profit of £25m. Parent company Aegon has agreed to make […]
Research conducted among 1,400 intermediaries has revealed increasing demand for mortgages with flexible features. The survey by specialist lender UCB Home Loans found that 69 per cent of advisers reported an increase in the number of applicants requesting flexible features on their tracker mortgages last year.
HBOS has reshuffled its senior management, with mortgages director David Nicholson taking over as retail distribution director. A replacement is expected to be announced shortly. Nicholson replaces Rob Devey, who is moving to HBOS’s insurance and investment unit. A group of former Alexander Forbes directors has set up a professional indemnity brokerage for IFAs. Prime […]
By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]