Legal & General has appointed Martin Noone as protection sales director. He will be responsible for protection sales through the IFA channel. Noone previously ran Bupa’s individual protection and group risk sales operation.
Hargreaves Lansdown head of pensions research Tom McPhail says Resolution’s pension policyholders could end up with a poor deal on annuities if the life company’s merger with Friends Provident goes through.One of the proposals of the £8.4bn merger between Resolution and Friends is that Resolution pension investors would be offered Friends Provident annuities but McPhail […]
Old Mutual Asset Managers is to streamline its fund range in a move that will see charges rise on some products and its managers given the ability to adopt Ucits III powers.The company is planning to convert its unit trust into Oeics in September and use the opportunity to amalgamate six funds that are either […]
In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]
Some investors holding money with Blackmore Bonds are yet to receive July interest payments, despite the firm’s insistence all funds have been transferred and cleared. One such investor has told Money Marketing they have been “ignored” by Blackmore. Chief executive of the mini-bond provider Patrick McCreesh told Money Marketing this week that some investors holding Isas […]
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]