Two financial advisers have been ordered to pay a total of 250,000 compensation and given suspended jail sentences for their part in a 2.5m fraud scandal in Northern Ireland.
Schroders has added a cautious fund to the Ucits III compliant multi-manager fund range it developed with fund research and ratings agency Standard & Poors last September.
Norwich Union is has reduced the equity backing ratio of the Provident Mutual with-profits fund from 24 per cent to 10 per cent, saying the move is needed to meet underlying guarantees. At the same time NU is also offering Provident Mutual mortgage endowment policyholders the opportunity to take advantage of future investment returns from […]
Deutsche Bank has appointed Axel Benkner as global head of retail for Deutsche Asset Management (DeAM). Benkner is currently head of DWS Investments in Europe and will continue to be the head of DeAM Europe. In his new role, Benkner will asume responsibility for all of DeAMs retail businesses, including DWS and Scudder Investments, with […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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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 […]