Former HBOS chief executive Sir James Crosby is to replace Deirdre Hutton as deputy chairman of the FSA and will also become chairman of the FSA’s committee of non-executive directors from December.
Arc Capital & Income
Bull & Bear Tracker Plan 4
Advisers can move from a reliance on initial commission to a recurring income-based business model in as little as two years, says Paradigm chief executive Paul Hogarth.He says: “You cannot take everyone to a recurring revenue overnight but I think it could happen in the next couple of years. There is massive consolidation in the […]
The proposals for Northern Rock submitted last Friday are materially below the market price for the business, causing shares to fall by 16 per cent this morning.
Aegon Asset Management is introducing Dublin-domiciled strategic global, high-yield global and investmentgrade global bond funds which are available for distribution in the UK, Channel Islands, Ireland and Switzerland.The strategic global bond fund will be run by David Roberts and Philip Milburn. It will look to invest across AAA-rated government bonds, high-yield and emerging market corporate […]
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.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]