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Legal and General equity manager exits for boutique

Legal and General Investment Management UK equity manager Richard Penny is leaving the asset manager to join Crux Asset Management. Penny was manager of the £186m High Alpha fund and the £285.6m UK Special Situations fund. While LGIM is a giant of the industry, managing close to £1trn, Crux is an employee-owned boutique founded with four […]

Tenet hires MD for mortgage and protection network

Tenet has hired Simon Broadley as adviser propositions director as well as to lead its mortgage and protection network, Tenet Lime. In his adviser-focused role, Broadley will be responsible for working on what Tenet offers to its members. Broadley joined Tenet on 4 January from Yorkshire Building Society Group where his most recent role was […]

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FCA reports increase in advice firm numbers

The number of financial advice firms in the UK has continued to creep upwards, latest FCA data shows. Figures drawn from regulatory returns show 5,270 financial advice firms had at least one staff member advising on retail investments, with a total of 25,951 advisers recorded as at the end of November 2017. As of December […]

Fund groups respond to Mifid II ‘all-in fee’ fallout

Three fund groups featured in recent research as among those charging the highest fees have defended their approaches. This week research by the Lang Cat showed some fund managers’ costs increased at least two times beyond the ongoing charges figure, as Mifid II rules around fee disclosure take effect. Under Mifid II, which came into […]

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White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.

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