Backbench MPs expressed deep concerns over the impact of the retail distribution review in a debate in Parliament last week. The Westminster Hall debate, secured by Conservative MP for West Worcestershire Harriett Baldwin, saw 13 MPs speak in support of constituents’ concerns about the RDR. Tory MP for High Peak Andrew Bingham said his local […]
OBSR has cut its rating on the £1bn Jupiter financial opportunities fund managed by Philip Gibbs to AA due to co-manager Guy de Blonay’s “increasing influence on the product”. OBSR says the fund, which invests in financials sector equities, lost its AAA rating following a meeting on October 14. Jupiter hired bottom-up star De Blonay […]
I concede that the macro-economic outlook for Western economies is still far from certain, with housing and employment data pointing to a continuation of weak consumer activity. However on the plus side, the Fed and other central banks have shown that they are prepared through quantitative easing and low interest rates to avoid at all […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]