John Howard is to take over as chairman of the financial services consumer panel from October, replacing Ann Foster who has been chair since 2003. Howard is a journalist, broadcaster and solicitor. He has been a member of the panel for four years.
Investment boutique Oceanic Asset Management has established an Oeic for the UK market which invests mainly in Australian natural resources stocks.
HM Revenue & Customs has changed its policy regarding monies incorrectly removed from Peps and Isas after lobbying from the Pep and Isa Managers Association. Managers who make these errors can now reinstate the money as long as they gain clearance from the HMRC audit unit beforehand. Previously this was only allowed in specifically defined […]
The FSA does a field visit on an IFA in whose offices is a prominently displayed sign stating that conversations may be recorded. The regulator must surely be aware that IFAs hold it and its staff in rather less than the highest regard. Without specifically informing the FSA field officers, which was probably a little […]
Murray international investment trust’s strategy of increasingly looking worldwide for dividend growth has helped it outperform its benchmark. The trust had a net asset value total return of 9.4 per cent over the half year to June 30, beating the 7.6 per cent returned by its composite benchmark of 40 per cent FTSE World UK […]
Fiona Hanrahan – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]
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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 […]