Credit Suisse has won share-holder approval to consoli-date its multi-manager fund range. The European, North American and Japan-ese multi-manager funds will be merged into its international portfolio and the Asia Pacific fund into emerging markets .
Standard Life has lost two senior members of its e-commerce team including e-commerce manager Billy Burnside.Sales technology consultant Alistair Verity is also leaving while Alistair Cuthbert is moving into Standard’s wrap team.Burnside is joining Norwich Union as head of e-business development next month and his number two Ross Dunlop will head the team until a […]
Mortgage lenders are continuing to jump on the 25-year fixed-rate bandwagon following the Government’s call for more choice of long-term fixed rates.Yorkshire Building Society and London & Country are now both offering the 25-year fixed-rate loans after earlier moves by Nationwide and Halifax.Chancellor Alistair Darling said in July he is to start consulting on creating […]
Veteran fund manager Martin Gilbert is to step down from the board of Standard Life Aberdeen to take up a role as the chairman of a digital bank Revolut, according to the Financial Times. Gilbert helped found Aberdeen Asset Management and shared chief executive duties with Keith Skeoch after the firm’s merger with Standard Life. […]
Standard Life Aberdeen said it has settled its dispute with Lloyds Banking Group, which will see the bank pay a settlement of £140m after terminating the investment manager’s contract to run its £109bn Scottish Widows mandate. In March, the arbitral tribunal ruled that Lloyds did not have the right to terminate the investment management arrangements. […]
Interactive Investor has removed exit fees for Alliance Trust Savings customers following the completion of the £40m acquisition on 1 July. The move brings ATS customers in line with the II platform and applies to all direct customers, IFA and partnerships. It comes ahead of the direct ATS investors’ migration onto the II platform, which is expected […]