Former Abbey chief executive Luqman Arnold is moving to Corsair Capital as a partner. The private equity firm invests in financial institutions such as banks, insurers, and speciality lenders. He will be joining senior executives Nicholas Paumgarten, Ignacio Jayanti and Kimball Booker. Arnold left Abbey following its takeover last year by Santander.
JO Hambro Capital Management
JOHCM American Growth Fund
The Association of British Insurers has published a resource guide to help insurers with marketing and publicity material for life and pensions. It covers considerations for financial promotions and guides for with-profits and structured products. This forms part of the ABIs five-point programme to restore confidence in long-term savings.
The Financial Services Consumer Panel is hosting the first EU-wide summit of consumer groups to discuss changes in financial services regulation. Representatives from countries including Austria, Belgium, Estonia, Portugal, Slovenia and the Netherlands are convening in London. The panels will discuss differences in how they operate and how they can come together more frequently to […]
Clerical Medical has published new advice to help IFAs prepare for A-day and the anticipated rush towards contract based group personal pension and stakeholder schemes.Ninety five per cent of intermediaries highlighted new trustee responsibilities as the main driver for change amongst smaller occupational trust based schemes, according to new research from Clerical Medical. Clerical Medical […]
Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]