What with Fidelity having decided to take the machete to its special situations fund, the industry is awash with rumours concerning who will step into Anthony Bolton’s shoes and what new name the portfolio is to be blessed with.The following titles have been suggested to the Diary: Fidelity Situations Vacant Fund, Fidelity Not So Special Sits Fund, Fidelity’s Past Performance may well not be a Guide to Future Returns Special Sits Fund and Fidelity Wherefore Art Thou Anthony Fund. By far the Diary’s favouriteso far – The Fidelity Bolton Wanderer Fund. Any more suggestions welcome.l Readers of the “society” column of a downmarket rival could be forgiven for being a little confused by the piece on attendees at Mainland PR’s summer party. Has Nicola Horlick really returned to SG Asset Management two years after leaving?
If you are seeking justification for the continued buoyant state of the stockmarket, look no further than the rising level of M&A activity. A trawl through last week’s financial pages would have found mentions of a potential bid for Scottish Power from Eon, a further chapter in the saga over Old Mutual’s long mooted acquisition of Skandia, Deutsche Poste casting its eyes over the books of Exel and even a deck-clearing exercise by Euronext as it looks at a possible offer for our own London Stock Exchange.
Gartmore says it is considering flotation but has played down rumours that a move is imminent. Control of the company has moved from the UK to the US over the last year with the removal of UK chief executive Glyn Jones. US insurer Nationwide, which bought Gartmore from NatWest in 2000, is believed to be […]
Clerical Medical retirement planning manager Steve Meredith aims to steer employers and employees in the right direction over the relationship between pension contributions and tax relief after A-Day next year
Ansar Housing is introducing an Islamic house purchase partnership contract. Under the property purchase agreement, which is claimed to be compliant with Sharia law, the company and client jointly purchase the property. Under a separate agreement, the buyer rents the property and, during the tenancy, the client can buy some or all of Ansar’s property […]
International private medical insurance (IPMI) can be a complex business, especially when you need to find cover that complies with all the local legislations and regulations of a chosen country.
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]