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L&G poaches from Sun Life for new product director

Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says:  “We are […]

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FCA plans 4% increase in adviser levies

The FCA has proposed a 4.2 per cent increase in adviser fees for the coming year. For the 2017/18 financial year, the A13 fee block, of which advisers and other intermediaries are part, contributed £77.1m in regulatory fees. In a statement accompanying its business plan for the year ahead this morning, the FCA has proposed […]

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Gina Miller attacks FCA over failure to tackle Mifid II breaches

SCM Direct founding partner Gina Miller has criticised the FCA for failing to tackle firms breaching Mifid II rules in its final asset management study report. The FCA published its final policy changes on Thursday, introducing new rules forcing fund managers to ensure their products provide value for the end investor. Miller criticises the regulator’s failure to respond to […]

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Independence of Woodford directors called into question

Questions have been raised about the independence of two directors at Neil Woodford’s £855m Patient Capital Trust after a report in The Times reveals they have jobs at companies in which the fund owns a stake. According to The Times, Patient Capital Trust chairwoman Susan Searle is also deputy chairwoman of Mercia Technologies, a quoted […]

RLAM Fixed Income Outlook

Jonathan Platt, Head of Fixed Income at Royal London Asset Management, gives his outlook on the fixed income market. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views […]

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