Aberdeen Asset Management is planning to acquire bond fund manager Rogge Global Partners, Sky News reports. The firm is reportedly one of three bidders for the firm, which is owned by Old Mutual. Evercore is handling the sale on behalf of Old Mutual, and Sky News suggests it will imminently choose a preferred bidder between […]
Philip Johnson is stepping down from his role as chief financial officer at Jupiter Asset Management. The move was due to “a narrowing of the role” amid “broader changes” to Jupiter’s executive committee, the firm said today. Johnson will remain in his post until May 2016 to help with the transition of his successor. Shares in […]
There has been a lot of comment in the media recently about the fact that there are two different ways that pension schemes can collect the tax relief that savers enjoy when contributing to a pension. This prompted the pensions minister to chastise The Pensions Regulator for lack of clarity in their own communications on […]
The Prudential Regulation Authority has revealed it intends to review the underwriting standards of buy-to-let lenders. The announcement was made yesterday in the most recent Financial Stability Report and comes at a time when there is intense scrutiny of the buy-to-let sector. Not only has Chancellor George Osborne announced a gradual cutting of tax relief […]
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The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service.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? […]