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Invesco Perpetual chief executive to retire

Invesco Perpetual chief executive Mark Armour is to retire at the end of 2016 after nearly three years at the helm of the firm. Armour joined Invesco in 2002 as chief executive of Invesco Australia. He was then promoted to the chief executive role in January 2013. Andrew Schlossberg, the current head of US retail distribution and global […]

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Autumn Statement: Calls to scrap pension exit fees and extend stamp duty exemption

By Sam Brodbeck and Tessa Norman George Osborne is being urged to use next week’s Autumn Statement to scrap pension exit penalties, the new annual allowance taper and extend the stamp duty exemption to equity Isas and Sipps. Ahead of the Chancellor’s speech, Hargreaves Lansdown head of pension research Tom McPhail says the Government needs […]

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JP Morgan shuts Tony Lanning’s Fusion funds

JP Morgan Asset Management has shut its Fusion fund range, run by Tony Lanning and Nick Roberts, as it failed to attract assets. The asset manager says the decision to shut the £54m fund range, which consists of five funds, was not due to performance. It says: “This decision is not performance driven, as all […]

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Royal London sales surge on drawdown boom

A surge in drawdown sales helped push Royal London’s new life and pensions business up 35 per cent to £4.9bn in the nine months to October. Drawdown sales grew 67 per cent year-on-year, from £578m to £966m. Sales of individual pensions were up by 52 per cent, from £949m to £1.4bn, and workplace pension sales […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.

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