Tom Caddick is to become Santander Asset Management head of multi-manager, taking over from Keith Speck. Toby Vaughan will join the multi-manager team as a fund manager. Caddick and Vaughan join from LV= Asset Management.
Pensioners and benefit claimants will be unfairly harmed by Government moves to link annual rises to a lower measure of inflation, according to reports. The Government announced in the Budget that it will switch its inflation benchmark from the retail price index to the consumer price index for public sector pensions in April 2011. It […]
Pension providers are braced for a lengthy battle with European officials after EU advocate-general Juliane Kokott said that insurance companies should not charge different rates for men and women. Currently, insurance companies, including annuity providers, are legally entitled to charge different prices for products, provided they are based on analysis of the risks associated with […]
Offshore funds have been largely ignored over the years, with UK investors having a preference for those based domestically. However, is that simply because onshore funds are better marketed and thus better known to advisers? Or is it because offshore funds have an unfair stigma attached to them and their lack of presence on UK […]
Personal Touch Financial Services is moving from a regional AR model to an employed model in anticipation of the RDR and Mortgage Market Review, as revealed in this week’s Money Marketing. The network, which has around 1,000 firms, is to replace its current outsourced model of 16 regional hubs, which mostly operate as ARs, with […]
Jelf Employee Benefits has launched Jelf AEase, an enhanced auto-enrolment (AE) service aimed at companies with fewer than 50 employees that are due to stage from August 2015.
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]