Wrap propositions will be limited in their ability to take advantage of the restructuring of pensions investment ahead of A-day because they do not offer fully integrated pension facilities says financial research company Defaqto. A Defaqto report entitled IFA Platforms in the UK says the lack of integration, together with doubts about the scope of the investments that will be permitted, means take-up of wraps by Sipp investors will be held back.
Tilney wins AA rating for hedge
Sarasin Chiswell, formerly Sarasin Investment Management, will include the property investment funds – the proposed UK version of real estate investment trusts – in its new multi-manager global property fund.
Catherine McGrath
PruHealth’s chief executive is determined to change the private medical insurance market with innovative products such as offering lower premiums for healthy lifestyles
Digest
Buyout deal at Berkeley JacobsThe management of Berkeley Jacobs Financial Services has reached an outline agreement for a buyout. BJFS, which was fined £175,000 by the FSA for pension unlocking, plans to carry on writing pension unlocking business.
77% of investors say restore Isa tax concession
HSBC is revamping its asset management business, with plans to close poorly performing funds and expand better-performing investments.
In Focus — February 2015
Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.
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Standard Life Aberdeen director to become new Royal London chairman
Royal London has appointed Kevin Parry as its new chairman. The former Schroders chief finance officer and chief executive of Management Consulting Group will take over the position on 1 January 2019. Parry succeeds incumbent and former deputy Bank of England governor Rupert Pennant-Rea as Royal London’s chairman, who held the position for more than […]
Curtis Banks buys £180m Sipp book
Curtis Banks has bought a £180m Sipp book from wealth manager Hargreave Hale. The invested assets in the 600 Sipps will continue to be managed by Hargreave Hale, turning over administration to Curtis Banks. The firm has now made ten acquisitions since its foundation in 2009. Curtis Banks agreed to buy Suffolk Life off Legal […]
LGIM replaces lead manager on Special Situations Trust
Legal and General Investment Management has appointed a new lead manager for its UK Special Situations Trust amid a trio of hires. The firm has hired Mirabaud Asset Management’s Robert White, taking over from Gavin Launder, who managed the fund since the start of the year. Money Marketing understands that Launder is still with the […]
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