Old Mutual Asset Managers has appointed Mark Allpress as head of UK retail sales. He joins from BNY Mellon.
The Pension Protection Fund estimates pension schemes faced a total £80.1bn shortfall at the end of July, up from a £63.1bn shortfall the previous month.
Baring Emerging Europe has appointed Jonathan Woollett as a non-executive director.
As I was preparing to write this column, I suddenly found myself wading through a succession of One Year of the Credit Crunch stories. Some pieces were informative, others entertaining, a few were truly outstanding.
It was great to see our industry picking up on the themes of product relevance in 2016 and making it easier to access protection cover. But the biggest change I saw in 2016 was a shift to talking more about the end customer and building the right propositions for them. Following the events of last […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]