Berkeley Berry Birch says it will complete refinancing before its full FSA hearing in February and denies it will dump any liabilities on the Financial Services Compensation Scheme. BBB non-executive director Jonathan Hall says the capital deficit, currently 10.9m, will be met through investments from directors and senior managers and disposals of non-core businesses such […]
Savills Private Finance is set to enter the non-conform- ing mortgages market in the new year. In a break from its traditional focus on top-end lending, Savills is also considering a move into affordable housing and looking to double the staff in its international mortgages arm. The London firm is looking to expand its broker […]
Schroders is the hot favourite to buy Gartmore, with the firm’s American owners understood to have decided on a trade sale. Gartmore’s US owner Nationwide Mutual is reported to have ruled out a flotation of the business in favour of selling it, with industry sources believing that that Schroders is the most likely buyer although […]
MM is too modest to include its own 20th Birthday Somerset House extravaganza in its parties of the year list although it had all the right ingredients – ambulances, chocolate fountains and drunk bucking bronco riding – so here is the run-down. Number one is the Lifesearch karaoke party with the now famous Austin/Lappin transvestite […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]