Friends Provident has rejected a 3.5bn offer from private equity group JC Flowers, saying it “significantly undervalues” the company.
Gordon Brown and George Bush are to set up a UK-US working group which will develop proposals to monitor and regulate banks with cross-border interests according to the Financial Times.The move comes after Chancellor Alistair Darling and his US equivalent Hank Paulson agreed plans to form a body of senior Treasury and regulatory figures from […]
The Association of Mortgage Intermediaries has voiced its support for the open letter backed by seven of the biggest UK mortgage distributors, as revealed in Money Marketing today.
Agriculture has moved from a niche investment play into the mainstream over the past year. Investors looking for alternative asset classes have been quick to buy into the agriculture story, attracted by long-term themes of rising meat and dairy consumption in the developing markets and demand for biofuels.Appetite for the sector has been so strong […]
Royal London blames market turbulence for a 58 per cent fall in profits to £181m last year from £431m in 2006.The firm says the reduction “reflects, to a considerable extent, adverse investment market conditions, particularly in the second half of 2007”.Royal London says the group continues to be well capitalised and has an excess over […]
This year looks set to bring a new danger for pension savers and their employers.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]