Steve Herbert is joining Origen’s corporate pensions team as a senior benefits education consultant from Truestone Employee Benefits.
Norwich Union Healthcare is introducing enhanced policy benefits on out-patient treatment for acute psychiatric conditions. The change will see improvements to the specialist referral process and the introduction of criteria for therapist recognition for all healthcare policies with out-patient psychiatric benefit.NU Healthcare says the streamlined referral process ensures a speedier and more efficient claims process. […]
Aifa’s RDR paper on adviser segmentation raises many important questions over the FSA’s plans that the regulator needs to provide full answers to before going ahead.
Nationwide is calling for changes to the banking code to ensure that savers are informed when introductory deals come to an end. The building society says many introductory deals, often lasting between six and 12 months, offer rates up to 1 per cent higher than the ongoing rates when the deals expire. The banking code […]
Senior managers at Premier Asset Management have pushed through their proposed management buyout at the second attempt.The team’s management buyout vehicle, Harvard Bidco, has announced that the offer is set to go wholly unconditional after it passed the required target of 75 per cent of shares to take the company private.Harvard initially met opposition to […]
Interest rates are low. Bond yields, in some economies, are at negative levels. Simon Edelsten, manager of the Artemis Global Select fund, analyses which assets investors should now consider. Click here to view full article
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]