Independent Lloyd’s professional indemnity broker PYV has negotiated special PI rates for mortgage intermediaries with insurer St Paul Travelers. The rates are claimed to represent a cut of 25 per cent and cover general insurance as well as term and protection. It is the second time that PYV has cut rates for mortgage intermediaries by […]
We are continually searching for ways to enhance client returns without incurring added risk or reduce risk without diminishing potential returns. Investing across many asset classes and using products from a wide variety of fund groups, we have a lot of freedoms which we use to construct efficient portfolios.
Axa is the latest insurer to bring Sipp administration in house ahead of relaunching its offering next June. The French-owned insurer currently outsources Sipp admin to Capita Sipp Services. Capita will continue to administer the existing Sipp book while Axa takes over responsibility for new business. The move follows recent decisions by Norwich Union and […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]