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Aegon appoints managing director for direct arm

Aegon has appointed Mark Till as managing director for its direct offering. Till was previously head of personal investing at Fidelity Worldwide Investment, and prior to that was managing director of Standard Life Direct. He will take over from David Beattie, who will now take on responsibility for overseeing platform operations as commercial director, digital […]

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BoE’s Carney warns of climate change financial stability risks

Bank of England governor Mark Carney has warned investors they could face “huge” financial losses due to climate change. Speaking at a gathering of insurers at Lloyd’s of London last night, Carney said the challenges posed by the weather-related catastrophes “pale in significance compared with what might come”, the BBC reports. He said insurers are the most exposed […]

MPs confirm plans for EU exit probe

Treasury select committee chairman Andrew Tyrie has confirmed plans to investigate the costs and benefits of the UK’s membership of the EU. Money Marketing first revealed the plans for an inquiry in September, when members of the committee were divided as to the terms of the probe. Tyrie says: “This inquiry will be wide-ranging, dealing […]

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OMGI launches new fund for Oxley

Old Mutual Global Investors is to launch an Absolute Return Government Bond fund for former Ignis fund manager Russ Oxley. The fund will launch on 7 October and will be seeded with £100m from the firm. Oxley, who joined OMGI at the start of this year, will be the lead manager of the fund, supported by […]

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