Ex-Credit Suisse director of product development Toby Hogbin is joining Martin Currie as global head of product development.
Borrowers are expected to switch to interest-only loans to avoid the worst effects of the payment shock as their fixed deals come to an end.Mform.co.uk says around 24 per cent of homemovers and first-time buyers take out interest-only loans and believes this figure may rise significantly.It says the difference in monthly payments on an interest-only […]
The annual rate of house price growth is at its lowest rate since March 1996, according to Nationwide.Its house price survey shows that house prices fell for the fifth consecutive month in March. The price of a typical house fell by 0.6 per cent during the month, bringing the annual rate of house price growth […]
Scottish Life has appointed Joe McGrath and Ken Tymms as corporate pensions managers. They will report to head of partnerships (corporate pensions) Paul Spriddle, working specifically on Scot Life’s defined benefit business, helping advisers find solutions for their clients. Both have experience spanning 60 years in the DB field, with a solid understanding of the […]
The credit crunch claimed another victim after the stranglehold on Bear Stearns brought an end to the US investment bank’s 85-year independent history.
A warning has been sent by The Pensions Regulator (TPR) to half a million small employers of their risk of being fined for not taking action on their workplace pension obligations. The Department for Work and Pensions’ (DWP) ‘Workie’ character, who first made an appearance on our screens in October last year, returns and emphasises […]
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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]