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Aviva’s Casal replaces Womack as global real estate unit boss

Aviva Investors has appointed Ed Casal as chief executive, global real estate, replacing Ian Womack who is retiring. Casal, currently Aviva’s global indirect real estate managing director, will oversee Aviva Investors Real Estate global operations as well as joining the unit’s executive committee with effect from 1 July. Bart Coenraads, who is head of Asia […]

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MGM Advantage to rebrand under new name

Retirement income firm MGM Advantage is to undergo a rebrand including a name change as the company attempts to break from its reputation as an annuity provider, Money Marketing can reveal. In January last year MGM bought equity release provider Stonehaven. It is expected MGM and Stonehaven will merge under a single new brand in […]

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FSCS places network in default two years after PI lapse

The Financial Services Compensation Scheme has placed a network in default almost two years after the company failed to secure professional indemnity insurance. Money Marketing reported back in June 2013 Kent-based network Virtual Net Europe had alerted members it was unable to secure PI cover. The network posted a £182,532 loss for the previous year. […]

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]

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