View more on these topics

Duncan for Aon&#39s Mom retail push

Former Skandia sales director Angus Duncan is joining Aon Asset Management to roll out its institutional multi-manager offering to the retail market.

Duncan, who took voluntary redundancy during Skandia&#39s cost-cutting exercise last July, will be responsible for the wider distribution of six funds of managers within Aon&#39s Dublin-based Oeic.

The funds, which include UK, Europe, North American and Japan portfolios, have a total of around £650m of assets, with most from existing pension clients.

Duncan will initially seek to increase this through life companies, banks, future multi-ties and link-ups with bigger IFAs. He will use Aon&#39s research engine to attract clients. The engine can provide asset allocation and liability modelling and most of the services already offered to institutions.

Duncan says: “If you are of the belief, as I am, that manager of managers will do better than fund of funds over the coming years a lot of organisations will want to do business with a company such as Aon.”

Recommended

Child trust fund is poised for major extension

The Government is believed to be preparing to expand the child trust fund to include an extra nine million children. It is believed that the Inland Revenue has been consulting with the financial services industry over the viability of offering the fund to all children under 16 as a result of pressure from the Treasury […]

Pension credit phone line staff receiving just 7 calls a day – Lib Dems

Call centre staff at the Government&#39s pension credit application phone line have been receiving an average of just 7 calls a day, according to the Liberal Democrats. The figures show that in December, the application line received 193,900 application calls, 8,430 a day. This means that of the 1,300 workers there, the average member of […]

Unipass security is needed in the e-compliance age

Now that the FSA has announced its intention to make providers pass on compliance documentation relating to new business entirely electronically from the middle of next year, the industry has been left with yet more work to do as it readies itself for e-compliance. Providers will need to consolidate data feeds running from multiple product […]

WPA says brokers need to go for PMI growth

Intermediaries need to put more effort into growing the private medical insurance market rather than just rebroking existing business, according to PMI insurer WPA. Corporate business director Adrian Humphreys says its 100-strong direct salesforce brings in more than 90 per cent of its new small corporate virgin business. He estimates that only 10 per cent […]

2

DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment