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Just Retirement buys systems firm

Just Retirement has acquired annuity systems provider The Open Market Annuity Service from Kerr Henderson as part of its strategy to invest in further development of the open market option.

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MM leader: Saving is not a mission for failure

Treasury financial secretary Mark Hoban has rejected Money Marketing’s call for the new regulator to be given a specific objective of increasing saving rates and protection levels. Speaking at the Conservative conference this week, Hoban said MM’s campaign goal would set up the Consumer Protection and MarketsAuthority to fail. We disagree. Giving the CPMA a […]

Germany to present “crisis resolution” plans

Germany is looking to present plans next month for a permanent insolvency mechanism for the eurozone to put in place rules for emergency funds for countries facing debt rescheduling. According to a report in the Financial Times, the German government believes the only way private lenders can be forced to help pay for the consequences […]

Advisers press for action to close the gaps

Advisers have called on Mark Hoban to reconsider his view that the new regulator should not have an objective of increasing saving and protection levels. Responding to a question from Money Marketing at the fringe event at the Conservative conference in Birmingham this week, Hoban said the Consumer Protection and Market Authority should not be […]

Leading property managers back derivatives launch

A number of leading real estate managers have backed the launch of the first UK property derivatives fund. The fund is to be launched by inProp Capital – which was created by former of the Bank of America property derivatives team –  and will offer returns linked to the benchmark property index through the use […]

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