Aberdeen, M&G, Martin Currie and SVM Asset Management have joined Nexus Funds, the platform of Bank of New York subsidiary Pershing.
Friends Provident has introduced self-investment and income-withdrawal options on its new generation group personal pension.The Sipp option, which can hold protected rights, will give access to a range of stocks, shares and collective investments through execution-only stockbroking, fund supermarkets and discretionary fund management services provided by investment partners.Employers will be able to choose whether to […]
Will Henley reports on the implications of a predicted big rise in house repossessions and mortgage arrears.
One week after the arrival of the mighty Mifid, I ask you how much of your business has changed? Mifid is one of the most important European regulatory changes in as long as I can remember. For any of you who remain blissfully unaware of the arrival of this huge European directive, let me update you.
GMAC-RFC has re-priced its Partners product range and is replacing current mainstream and self-cert discount rates with new BBR trackers.The lender says that in the current market environment, borrowers should consider alternatives to fixed rate products and the benefits of variable rate products.GMAC is now offering products with up to 75 per cent loan-to-value BBR […]
A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits. By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.
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The Government has backed out of plans to introduce more binding votes on how top executives are paid, according to reports. Prime Minister Theresa May remains committed to improving transparency on high pay as the Government lines up a paper on corporate governance next week, aides told the Financial Times, but others measures to rein […]
Phoenix is set to shed roles in a redundancy round following its decision to buy parts of Axa’s business last year. The closed-book provider snapped up Axa Wealth businesses Embassy, its off-platform investment and pension division and Sun Life, its direct protection business, in a deal signed last May, before also buying rival closed-book operation […]
Hargreaves Lansdown has removed Paul Chesson’s Invesco Perpetual Japan fund from the Wealth 150 list of recommended funds due to its volatile performance. Chesson, head of Japanese equities, has run the £318m fund since 2000 and takes a high conviction, contrarian approach to investing. Investment analyst Dominic Rowles says that while this has led to […]