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 […]
The way investor sentiment and habits have changed in recent years, particularly in the retirement space, means the traditional 60/40 multi-asset split is “probably dead”, Old Mutual Wealth head of investments Anthony Gillham says. He says if you had the traditional equity/fixed income split, investors would have seen a fall in the beginning of this […]
Intelligent Money is considering exiting the Sipp market to become an independent provider of standard personal pension plans. The firm is in discussions with advisers about the potential change and says the shift has been prompted by recent high-profile Sipp firm failures. In January, the Financial Services Compensation Scheme declared Sipp operators Stadia Trustees, Brooklands […]
More than 200 jobs could go at Axa Investment Managers as part of a restructure that could save the firm €100m (£87.6m). The company says in a statement it plans to bring in a new operating model that could see up to 40 jobs cut in the UK and 160 in France. Axa IM chief […]