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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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]