Pension Protection Fund chair Lawrence Churchill has been appointed chair designate of the trustee corporation which will run the National Emp-loyment Savings Trust.
The FSA has published proposals that extend the significant influence function regime to apply to more individuals and increase the FSA’s powers to vet and track people as they move role.
Thames River Capital’s new Ucits III absolute return fund of funds will focus on managers drawn mainly from the hedge fund world due to their experience in techniques such as investing short.
Standard Life has been fined £2.45m by the FSA for inappropriately marketing its pension sterling fund to risk-averse investors and failing to adequately investigate complaints. Money Marketing broke the news last January that Standard Life had revalued its pension sterling fund, resulting in a fall in value of 4.8 per cent. Around 98,000 investors saw […]
BlackRock – iShares MSCI South Africa
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]