Poor Axa Framlington. Imagine the horror of its PR agency Polhilll when it had to phone up every journalist that had been invited to its World Cup party at the winter wonderland that is Ice Space that is was cancelled.The event promised to be an affair to remember – a combination of ice sculpture, illumination, technology, music, cuisine visual arts and performance amid over 2,000 blocks of ice. Sadly, the event was closed down prematurely “due to lack of funding”. Or would that be liquidation? Did the Ice Space melt, we wonder?p British Insurance managing director Simon Burgess showed his softer side recently in rushing to the aid of a rare Bavarian bear after hearing that German authorities had called for hunters to shoot the animal for killing too many sheep and chickens. Showing just how caring the insurance industry can be, Burgess insured the animal for over 1m for any loss, damage or death to the animal and is hoping that the move could help the tallest man in insurance enter the Guinness Book of Records. It has been said that working at Money Marketing can be a springboard to better things and that has certainly been the case for ex-MM investment reporter Matt Davis, who is working as an unpaid intern at the Portland Mercury in the Western US as well as writing this week’s Correspondent’s Week. As the picture suggests, the former Davis’s Discounts columnist has adjusted well to the move from the easy-going world of retail investment to the cut and thrust of modelling downmarket American fashion – and look at those arms.
Jupiter Asset Management’s owner Commerzbank says it will decide whether to float the firm on the London Stock Exchange by the end of the year. City estimates value Jupiter at 1bn although both sides stress no decision has been made. Jupiter recently put in place a long-term incentive scheme for key managers, echoing Gartmore’s lock-in […]
Insurer brings in training and development to improve its service standard levels and increase response rates
Matt Goodman looks at the investment industry’s reaction to Anthony Bolton’s claim that the bull market run is coming to an end
Consumer body Which? has warned of the danger of buying property abroad.In a move likely to alert mortgage brokers, for whom the overseas market is becoming increasingly important, Which? says estate agents, lawyers and property management companies all have a vested interest in customers buying abroad regardless of whether the property is appropriate or affordable.Buying […]
Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]
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FCA chief executive Andrew Bailey is calling for regulators to back a proposed implementation period after Brexit to avoid an economic “cliff edge”. Speaking at The International Financial Services Forum today, Bailey continued pushing for cooperation between the British and European regulators, this time pointing to preserving financial stability. He says: “Brexit has global implications, […]
Prudential must compensate a customer whose transfer value was significantly reduced after a meeting with an in-house adviser. According to a Financial Ombudsman Service decision, the customer, called Mr L, was told on 2 March 2017 that the transfer value for his pension policy was £141,981. He met with a Prudential adviser, who recommended he […]
Choosing the right system is one of the most important decisions an advice firm will make. Here is a review of the best out there. Last month I looked at the four foundations of a solid adviser technology strategy. The first of these was the practice management system. Studies have found that between 20 and […]