Caroline Flint has been appointed housing minister at the Department for Communities and Local Government. She was previously minister for employment and welfare reform and minister for public health.
Williams de Broe has added the Resolution Cartesian UK equity 130/30 fund to three of its four multi-manager funds.
Minority shareholders have attacked Kilminster Financial Management for agreeing a deal to transfer most of its advisers to Alpha to Omega, saying it does not represent good value for the company or its shareholders.The majority of KFM’s 23 advisers will move to A2O, with the firm thought to be getting £4,000 per adviser, with a […]
UK Focus Fund
Standard Life has announced that an estimated £800m of bonuses will be added to its with-profits plans in 2008.Its with-profits bonus declaration states that bonus growth rates for unitised with-profits bonds will increase from 2 to 2.5 per cent per annum and from 1.5 to 2.0 per cent for other life plans.Standard Life says where […]
The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]