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CIO group set up to influence investment industry

A CIO group called 300 Club, made up of ten CIO members, has been set up to push for action on the fundamentals of the investment industry and investing.

The group includes Schroders’ Alan Brown, Royal London Asset Management’s Robert Talbut, BNP Paribas Investment Partners’ William De Vijlder, Société Générale’s Dylan Grice, Kempen Capital Management’s Lars Dijkstra, Aon Hewitt’s Zuhair Mohammed, QIC’s Adriaan Ryder and Create Research’s Professor Amin Rajan.                       

Chairman of The 300 Club is Hermes Fund Managers’ CIO Saker Nusseibeh.                         

300 Club sets out its mission as “to raise awareness about the potential impact of current market thinking and behaviours, and to call for immediate action.”

The group believes that current financial and investment theory and practice run the risk of  failing investors at their time of greatest need.

300 Club chairman Saker Nusseibeh says: “The 300 Club has come together because we believe that this moment of crisis could be the harbinger of greater danger to come.  It is our hope that we are able to raise enough awareness of this threat to allow the investment community to address the challenges in a better way and to minimise the ultimate impact on savers and pensions from all corners of the globe.”


Altmann warning of titanic disaster

Industry experts have warned the Bank of England’s decision to embark on a new round of quantitative easing will be “a titanic disaster” for pensions as fund values and annuity rates are forced down. Saga director general Ros Altmann says: “Another round of easing will be a titanic disaster. The last round of QE aggravated […]

Saffron BS chief exec to leave for One Savings Bank

Saffron Building Society chief executive Andy Golding is to leave his role to become the chief executive of One Savings Bank. Golding, who has been at the society for seven years, will leave his role on December 31. A successor has not yet been put in place. SBS chairman Peter Harrison says: “I would like […]

Openwork appoints chief financial officer

Openwork has appointed Simon Clifford as its new chief financial officer, subject to FSA approval. Clifford joins the business from Zurich Financial Services International Life, where he was most recently chief financial officer for its Isle of Man operation. Clifford, who helped launch Openwork in 2005, has previously been an actuary and has 15 years’ […]


Political parties target pension tax relief reforms

The Conservatives, Labour and the Liberal Democrats are setting their sights on reform of pension tax relief as politicians search for cost savings ahead of the next general election. Former Shadow pensions minister Rachel Reeves (pictured) indicated at the Labour conference in Liverpool this month that Labour will look to reform higher-rate pension tax relief […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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  1. I see that CIOs haven’t lost their touch. 10 of them calling themselves the 300 Club.
    Glad to see that gearing isn’t dead.

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