Office of Fair Trading chairman and chief executive Sir John Vickers will leave the organisation in October. Philip Collins, a senior partner at law firm Lovells, will take over for a four-year period as chairman. From October, the roles of chairman and chief executive, currently filled by Vickers, will be split. The OFT will soon begin its search for a new chief executive.
Simplified price-capped products have failed in the European countries where they have been introduced, according to a study by Charles River Associates for the European Commission.
Keydata says it hopes to offer IFAs the opportunity to diversify client portfolios with more innovative products.
A joint industry-government strategy for financial services in Scotland has been launched aimed at strengthening the industry’s future in the region.
Fidelity Investments has found UK equity and multi-manager funds dominate adviser Isa recommendations, following FundNetworks BrochureBuilder research service. This service is used by over 110 this Isa season to create tailored mailings for their clients, featuring specific fund recommendations, plus initial charges, commissions, of the firm. Advisers using the service can use their own combination […]
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]