Cavendish Asset Management senior fund manager Paul Mumford is warning that a salary restriction on bonuses at Lloyds TSB and RBS could lead to an exodus of staff.
HSBC is to cut 1,800 jobs in the UK, with the biggest cuts in its credit card and collection operation.
PSigma income manager Bill Mott has warned that the UK market rally is set to end after going “too far, too quickly”.
Openwork believes the FSA’s “restricted advice” label could put people off seeking financial advice. After consultation with members, Openwork’s RDR response says the restricted label has negative connotations and may distort the advice market which could put the FSA’s objectives on access fundamentally at risk. It says: “The key to consumers being clear about the […]
Barclays Wealth – UK Super Tracker November 2009
With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]