The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]
Very few fund managers have been awarded an AAA rating by Standard & Poor’s, Citywire and Forsyth-OBSR. Mark Hall achieved this recently when S&P upgraded him from AA to AAA and named him the top FTSE All-Share fund manager over the past year.
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]