Goldman Sachs Asset Management has been handed a £30m sub-advisory mandate to run a sterling corporate bond fund for Skandia Investment Management. GSAM will run the investment grade bond segment of SIM's bond income fund which, like its stablemates, will be split between fund of funds and segregated mandates. SIM has also chosen GSAM's £687.5m global high yield portfolio for inclusion in the Fof element of the fund.
I can't quite believe I am writing my third letter but here goes again. Millfield chief executive Paul Tebbutt yet again seems not to understand the question.I was not asking for a profit forecast merely whether he was going to make a profit at all. It is only through his company's closed period that he […]
Charcol is offering an initial fixed rate of 2.25 per cent on its federal reserve tracker mortgage until the end of March. The loan is a fix and track mortgage based on the lower US short term interest rates.
Fund supermarket Selestia is teaming up with Capital Planning UK in a joint initiative which will provide Selestia's advisers with a host of tailored portfolios and investment tools.The tie-up will allow advisers access to more than 90 bespoke Capital Planning-designed portfolios covering most risk profiles through Selestia's asset allocation model. All the portfolios, which offer […]
DWS Investments has set up a club which will provide members with immediate details on breaking news affecting global markets.Services include commentary from experts such as global chief economist Steven Bell, events featuring specialist speakers as well as discussion groups tackling topical issues.Investment club members will have access to specialist briefings on areas such as […]
By Kacper Brzezniak As the International Monetary Fund (IMF) downgrades the global growth outlook YET again (which is becoming a recurring theme, as we discussed here a year ago), we turn our eyes to Italy’s current economic disaster. Italy has recorded exceptionally weak growth in recent years but, in order to get a better understanding […]
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]