The FSA has confirmed it will not be making any further changes to its menu charges and published market averages until November 1. The rates, last amended on April 1, will be reviewed in November, with annual updates after this time.
Schroders head of investment Richard Horlick has decided to step down from the board as of May 25th, and will leave the company later this year. Former Schroders group chief investment officer and vice chairman of State Street Global Advisors Alan Brown will join the board and assume Horlicks responsibilities on July 5, 2005. Brown […]
The FSA is calling for a reduction in the length of KFIs in a letter sent to mortgage lenders this week.The move coincides with a factsheet the regulator will also send out to brokers covering concerns about the accuracy of initial disclosure documents.FSA spokesman Robin Gordon Walker says some KFIs are longer than they need […]
Research from Axa shows that 28 per cent of employees, or 5.1 million workers, have not or will not join a company pension scheme, even when an employer is prepared to contribute on their behalf. Only 2 per cent of non-members believe they will be able to rely on the state pension compared with 55 […]
Vertex has completed the 95.3m acquisition of Marlborough Stirling, owner of The Exchange. Andy Hunt has been appointed managing director of Marlborough Stirling, replacing the old chief executive Mike OLeary who has left the company. The Exchange managing director David Child will report directly to Hunt.
Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]