Investec has appointed John Tevenan from DWS as its London sales director. He will focus on City and West End intermediaries and wealth managers, promoting the full range of Investecs products. He was previously head of discretionary sales at DWS, focussing on London and the Channel Islands.
When news broke that Prudential would be launching into lifetime mortgages, there was a sigh of relief from the industry.
The Derbyshire (Isle of Man) is launching an interest accumulator account for British residents looking to move away.The account has been designed for clients expecting their UK taxation obligations to change at a future date, as a result of moving to Europe, offering control over the date which interest is payable, therefore when tax liability […]
Bankhall is now valued at just 25m after Skandia wrote down 82m following a writedown of 70m last December, The new move fuels industry speculation that Skandia is poised to sell the loss-making support service organisation. Skandia paid 145.8m for an 81 per cent stake in the business in 2002, valuing Bankhall at 180m, and […]
Skipton Building Society has established the double asset bond 2, a product which combines a FTSE-100 linked guaranteed equity bond with a one-year fixed-rate savings account.
By Mark Martin, Manager of Neptune UK Mid Cap Fund
Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.
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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 […]