Scottish Widows Investment Partnership has appointed Dean Buckley as its new chief executive. Buckley joins from HSBC in January. Swip has recruited Winterthur investment distribution head Bernard Henhall as sales director for the new fund of funds team.
An investment group led by the former chief executive of Abbey Luqman Arnold has confirmed it is to offer a proposal to the board of Northern Rock.Independent firm Olivant says its proposal would involve the immediate introduction into Northern Rock of a core team of Olivant’s experienced principals, led by its chairman Arnold, to work […]
There are periods when growth funds, as defined by the average UK equity unit trust, sometimes marginally outperform the average UK income unit trust but this is not true over the longer term.
Canada Life is urging employers to offer group income protection as an employee benefit in light of the Government’s welfare reform bill, which is due to be introduced this month.The company says that the reform will replace the existing incapacity benefit with employment support allow-ance, which could result in many people receiving lower benefits.Group legislation […]
The UK’s state pension system has been rated the worst in Europe for the second year running, by Aon Consulting. An average earner retiring this year would receive a pension worth 17 per cent of their salary compared with an EU average of 57 per cent.
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]