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 […]
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.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]