The costs of implementing the EU Mifid directive will only be worthwhile if firms exploit the opportunities provided by the directive, such as cross border trade, says FSA managing director Hector Sants.
The Liberal Democrats are calling on the Government to commission a Turner-style report to address the way forward for public-sector pensions. Speaking at a Politiea conference in London, LibDem Shadow Work and Pension Secretary David Laws said such a report should consider how to make the schemes sustainable in the future. Laws said Lord Turner’s […]
Public should pay for FSCS I went to the Money Marketing Live show at Olympia recently and before her presentation, spoke to Loretta Minghella of the Financial Services Compensation Scheme.In her presentation, she went through the different options for a new way of funding the FSCS. The problem is that none of the options allows […]
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]