Delivering his Budget speech today, Alistair Darling said the new adjudicator will examine lending decisions and will have the legal power to enforce judgements where it feels credit has been wrongly denied.
With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.
Fidelity created ripples across the asset management industry when in August it announced two 0 per cent AMC passive funds – one for US equities and one for global ex-US equities. Last week’s launch of two further, doubling its “zero funds” to four. The two launched in August that have already raised more than £770m […]
GAM has confirmed its internal investigation into the conduct of bond manager Tim Haywood was sparked by an internal whistleblower, in response to media speculation. Haywood’s suspension comes following concerns raised by the whistleblower and the internal investigation has since evolved and has “uncovered and identified” several potential misconduct issues. His suspension led to the group […]
AFH has bought the client portfolios of the Colwyn Bay office from the administrators of collapsed DFM Beaufort Securities. AFH is paying £250,000 for the client portfolios and the deal will add £130m in funds under management to the consolidator. As a result of the deal, Laurie Beevers and Andrew Jones will join AFH Private […]