The IMA has hit out at claims that means-testing will deter people from saving into personal accounts.In its response to the Pensions White Paper, it says: “Means-testing is no argument against encouraging millions of non-savers to make provision for a decent retirement.”The IMA says the Government needs to address the risk of small numbers of […]
Amvescap, the US parent of Invesco Perpetual, is suing Deutsche Bank to try to stop it poaching its fixed-income team, including up to four senior fund managers and 12 analysts.Invesco Institutional Inc filed a law suit in the New York Supreme Court against Deutsche Investment Management Americas Inc on Monday after partners Stephen Johnson, James […]
Norwich Union monthly income plus fund manager Mark Gull is leaving Morley after eight years to join Pension Insurance Corporation, a newly launched company that buys and then insures companies’ pension liabilities. Roger Webb will take over the management of the fund.
In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]