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Hermes poaches Aviva exec for real estate arm

Hermes Investment Management has appointed Aviva’s head of European retail funds, Philip Nell, as fund director for the company’s real estate unit, Hermes Real Estate. He will join the £6bn real estate arm on 20 July and report to to Hermes Real Estate chief executive Chris Taylor. Nell will also work as fund manager of the UK Private Rental […]

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MGM Advantage to rebrand under new name

Retirement income firm MGM Advantage is to undergo a rebrand including a name change as the company attempts to break from its reputation as an annuity provider, Money Marketing can reveal. In January last year MGM bought equity release provider Stonehaven. It is expected MGM and Stonehaven will merge under a single new brand in […]

Think-tank handed £50m by Resolution founder Clive Cowdery

The founder of insurance and investment firm Resolution Clive Cowdery has given £50m to the Resolution Trust, a think-tank that aims to improve the lives of people on low and middle incomes. To coincide with the new funding, Resolution Foundation chief executive Gavin Kelly will become chief executive of the Resolution Trust and retiring MP […]

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