Former Treasury Chief Secretary Yvette Cooper has replaced James Purnell as Work and Pensions Secretary after he quit the Cabinet last week. Angela Eagle has taken over as pensions minister from Rosie Winterton, who has only had the brief since October 2008, when she took over from Mike O’Brien.
Net sales of European funds hit 3 billion (2.6 billion) in April, up from 75m in March, according to Lipper FMI’s Fund Flash Report. However, the inflow is a fraction of the 16 billion of inflows in the same month last year. The figure was boosted by a net inflow of 3.6 billion into bond […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]
Two weeks after ex-FCA boss Hector Sants was revealed as the chairman of the government’s single financial guidance body, Money Marketing has learned the new service will not be operational until winter. The timing for the launch of the new guidance body has been uncertain ever since the idea was first conceived. A preliminary consultation […]
The past decade has seen environmental and social governance investing develop from a niche corner of the market to a popular asset class. But while there is an increased awareness among individuals as to the impact of their actions on the environment, there is much more to ESG investing than being a good citizen. Asset […]
While advice firms can outsource activities, they cannot outsource their responsibilities Advice firms are busier than ever, leading an increasing amount to turn to third parties to undertake activities that would have once been dealt with in-house. Outsourcing can provide a solution for those under pressure to deliver on long-term objectives, while juggling the day […]