Aviva is considering selling its stake in advice network Tenet, Money Marketing understands. Following Aviva’s merger with Friends Life, the life office will become the largest shareholder in Tenet, owning 47 per cent of the firm. Standard Life owns 25 per cent of the network, while Aegon owns 22 per cent and the remainder is […]
The Government has capitalised on a rally in Lloyds Banking Group shares following last week’s election result and reduced its stake in the bank to below 20 per cent. The Financial Times reports the Treasury will say as early as this week that it has cut its stake in Lloyds from 21 per cent to […]
While the T. Bailey Growth fund team has recently doubled the portfolio’s allocation to European equities, its managers insist the introduction of quantitative easing across the currency bloc was not behind the move. Looking at the decision to up the £178.8m portfolio’s allocation from circa 5 per cent at the start of the year to […]
Police have arrested a 60 year old currency trader over suspicions of a global Ponzi scheme.
The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers
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