Business Secretary Vince Cable says banks still face “fundamental surgery” in terms of the link between investment and retail banking and the lack of competition in the sector. In an interview on The Andrew Marr Show on BBC 1 yesterday, Cable (pictured) said the Independent Commission on Banking, chaired by Sir John Vickers, will bring […]
Hawksmoor Investment Management’s Vanbrugh fund has sold the Henderson strategic bond fund in favour of another Henderson fund that provides exposure to secured loans. The strategic bond fund, managed by John Pattullo, had featured in Vanbrugh since the fund of funds was launched in February 2009. But Hawksmoor’s multi-manager team felt it no longer provided […]
An IFA firm is to launch a financial education teaching programme it hopes can be rolled out in secondary schools and is calling on businesses to support the venture. The Sponsor Our Schools campaign has been set up by Cumbria-based True Bearing IFA Julie Bayley alongside independent education provider AB Curriculum. It hopes to have […]
By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]