F&C will not be outsourcing former Isis operations to Mellon despite agreeing in principle a year ago. The firms failed to agree on contracts.
Bupa Individual Protection will be looking at an early December launch of its protection proposition with online capabilities to 26 soft partners. A full launch follows in the first week of January. Phase one will concentrate on critical illness and life while phase two will introduce the expert underwriting system with further protection products.
Allianz Global Investors is planning to launch a UK version of its German emerging markets Bric fund. The German version invests in Brazil, Russia, India and China and has raised 57m since launch this year.
The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]
Aifa chairman John Gummer is to take Ivan Massow’s plight to the FSA, claiming that the case exposes fundamental flaws in a claim process that ignores a historic understanding of cases. The Conservative MP for Suffolk Coastal considers that Massow’s situation highlights the “thoroughly reprehensible” way that life offices treated gay men in the early […]
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. This has presented risks to both individuals and their advisers. In this article the risks are explained – and, importantly, strategies are presented that could help mitigate them. Read this article
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Outgoing St James’s Place chief executive David Bellamy is to join Weatherbys Bank as chairman. Bellamy announced his resignation from SJP in February. He has been chief executive for 11 years. Bellamy will be replaced at SJP by the firm’s chief financial officer Andrew Croft, while chief risk officer Craig Gentle will step in to […]
The decision to abolish indexation relief on corporate capital gains will have a major impact on many advisers and their clients
The global economic rebound looks set to continue, providing a comfortable environment for equities to thrive