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RWC poaches staff from Everest for new emerging markets team

UK investment firm RWC Partners has hired 15 staff from Miami-based hedge fund Everest Capital for its new emerging, frontier and Asia equity business. John Malloy and James Johnstone, who left Everest in March to be emerging markets managers at RWC, will jointly lead the new team. Most of the team will be based in the firm’s […]

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Locking horns: Garry Heath clashes with Apfa over adviser trade body plans

The launch of a new trade organisation representing advisers has reignited the debate around the industry’s ability to lobby at the highest level. This week Money Marketing revealed how former IFA Association director general Garry Heath is launching a new trade body in May for wealth managers and independent and restricted advisers. Heath says Apfa […]

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UK unemployment falls to 7-year low

UK unemployment has fallen in March, bringing in the best rate since mid-2008. Data from the Office for National Statistics shows that in the first quarter employment for those aged 16 to 64 rose to 73.5 per cent, up from 72.5 per cent a year earlier. Employment was up by 202,000 in the three months to […]

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SNP targets ‘unfair’ pension charges

The Scottish National Party has warned that while it backs pension freedoms, it plans to identify and target “hidden” and “unfair” charges. In its election manifesto, published earlier today, the SNP says it backs the principle of giving pensioners more freedom over how to spend their retirement pot. However, the party warns: “We must ensure adequate […]

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