Standard Life is calling for the FSA to order all annuity providers to publish their rates and says firms that do not make their rates publicly available are not treating customers fairly.Head of pensions policy John Lawson says annuities should be treated the same as with-profits policies where all providers are required to publish bonus […]
I know I’ve said it before, but this really doesn’t feel like summer yet – in more ways than one. The inconsistent weather seems to be echoing the state of the markets, and the financial services sector is suffering the ripple effect.
Prudential is in discussions with technology and administration providers about renting a third-party wrap.The firm says it does not want to invest in building its own wrap but hopes to come to the market next year.It does not believe it has missed the boat on wrap, saying delaying a launch has enabled it to learn […]
Nearly a third of the staff in the FSA’s enforcement division are to leave this year either through redundancy or being moved to another department, with new blood on its way.The FSA says the enforcement division’s new team and structure will be in place by the end of November with a 20 per cent net […]
Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]