Legal & General has appointed Malcolm White as manager of its £1.2bn fixed-interest fund, the £969m managed income fund and the £122m monthly managed income fund after Stuart Steven relinquished his role with the funds although he remains as head of the invest-grade team.
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Alliance & Leicester – Five Year Fixed Rate
Alliance & Leicester
Five Year Fixed Rate
Abbey for Intermediaries launches commission based payment package
Abbey for Intermediaries is launching a new commission based payment package for intermediaries selling its Peace of Mind buildings and contents insurance and Paymentcase mortgage payment protection insurance.
Bee believes annuity rule set for KO
The House of Commons may have overturned the Lords’ vote against compulsory annuitisation at age 75 but the issue will take centre stage when the Pensions Commission delivers its final report says pension guru Steve Bee.
10% annual charge for NU non-stakeholder pension
Norwich Union is charging 10 per cent on the first five years’ premiums for its price-busting non-stakeholder pension for the full advice market.
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Preparing for an all-passive world
Despite being around since the 1970s, index tracker funds did not have much love from investors until a decade ago, when Lehman Brothers crashed along with many people’s faith in financiers. The popularity of passive funds grew steadily and they went from a negligible market share at the beginning of the millennium to making up […]
IFAs want more clarity on ESG products
IFAs want more clarity on environmental, social and governance investment products to be able to better communicate them to clients. A HSBC Global Asset Management survey of over 200 UK IFAs found that 57 per cent would like more ratings for ESG products. Concerns over diversity, human rights, consumer protection, and animal welfare are the […]
SJP poaches from fund manager for marketing hire
St James’s Place has hired Claire Blackwell as director of marketing from Newton Investment Management. Blackwell says: “We have a responsibility to continue to develop ourselves and our proposition in the interests of better financial outcomes for clients.” SJP shuns new CII exam in favour of in-house programmes She has held a variety of positions across the […]
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