Invesco Perpetual sales director Craig Newman and sales manager Simon Dale have both left the firm.
Newman joined Invesco in 1993 as regional sales manager for the North of England. Dale joined the firm in 1996.
A spokeswoman for the firm said a replacement for Newman will be appointed in the New Year with head of distribution Ian Trevers covering the role in the interim.
US pension provider TIAA-CREF is considering a move into the UK market, Money Marketing understands. The financial services firm offers retirement products, savings plans, mutual funds and life insurance, as well as advice offerings in the US. It is understood to be looking at launching a UK-based business. TIAA-CREF was cited in the Department for […]
The FSA is consulting on new powers for the Financial Conduct Authority to monitor benchmarks such as the Libor and wholesale gas markets, where there have been allegations of rate rigging. FCA chief executive designate Martin Wheatley conducted his review of Libor in September in the wake of the rate rigging scandal. One of his […]
The appointment of Mark Carney as the new governor of the Bank of England has been welcomed by everybody – with the possible exception of investors who have UK bank equities in their portfolio. Shares of lenders listed in London stumbled as soon as the Government announced that the president of the Canadian central bank […]
Stephen Anness is to take over the management of the £53m Invesco Perpetual Global Opportunities fund and in the process hand over the running of his UK Aggressive fund to Martin Walker. Walker, manager of the Invesco Perpetual UK Growth fund, will assume the running of the £122m UK Aggressive fund which Anness has run […]
Investment Insights from Silicon Valley. The latest views from Allianz Global Investors and Walter Price, lead manager at Allianz Technology Trust – August 2016. Click here
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]