Kensington Group shareholders have voted in favour of the offer made by South-African firm Investec at its EGM today.The meeting saw 178 (97.27 per cent) of scheme shareholders vote in favour of the deal, with just 5 (2.73 per cent) against.This comes despite rumblings last month that several major shareholders, including former chairman Martin Feingold […]
Aviva’s new chief executive Andrew Moss looks set to ring in the changes, with both the Norwich Union and Morley brands under review.Moss is keen for Aviva to become the eminent brand, as first revealed by Money Marketing in April.However, advisers have backed the NU brand, saying it carries more weight in the market.
Skandia paid 89 per cent of critical illness claims in the year to June 2007, up one percent from the previous year.Two per cent were declined due to non-disclosure and 9 per cent were declined because the claim had not met the definition.Cancer remained the most commonly claimed for condition, accounting for 51 per cent […]
Online mortgage company mform.co.uk has added Barclays’ Woolwich mortgage brands to its range of products. Customers of mform.co.uk can compare the whole of market before going directly to the Woolwich customer service teams by telephone to complete their mortgage application.Since launch mform.co.uk has offered consumers a full mortgage search facility to compare mortgages from all […]
RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]
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 […]