Stephen Leaman has confirmed he is stepping down as chief executive of Openwork at the end of the year, having been with the network since 2004.
Bestinvest founder John Spiers has brought an end to months of speculation surrounding the company by selling a large portion of his majority shareholding to global private equity and venture capital firm 3i.The deal, for an undisclosed sum, will see the firm take a majority holding in the business, with Spiers retaining a stake and […]
The cost of living for people aged 65 and over is rising faster than the national average, according to research by Prudential.
Pioneer Friendly Society has announced it will remove the final two exclusions, war and HIV, from its Pure Protection contract. The move, which follows a range of policy enhancements introduced in January, makes Pure Protection one of the few income protection policies in the market with no standard policy exclusions. Chief executive Andy Chapman says: […]
Standard Life Bank has become the latest lender to confirm it will be axing its exit fees from July 31.A spokeswoman says: “Standard Life Bank can confirm that as from 31 July new mortgage customers will not be charged a Mortgage Exit Administration Fee when they redeem.”Standard Life Bank previously charged £230.This follows Cheltenham and […]
In this brief video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), introduces the Global Multi Asset Portfolios (GMAPs), touching on the distinctive investment approach used to manage asset allocation across the funds.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]