Smith & Williamson deputy chairman Lord Cobham is retiring from full-time employment but will continue to work as an adviser for the firm. David Cobb becomes head of investment management and Geoff Windebank as finance director in a group reshuffle.
Jupiter income trust manager Tony Nutt says the fund’s performance suffered after he went defensive too early.The £4.2bn fund celebrates its 20th anniversary this month and has long been an IFA favourite.Over the first eight months of this year, it returned a loss of 2.07 per cent compared with a 4 per cent rise in […]
Cheltenham & Gloucester has confirmed that intermediary sales director John Champion will be leaving at the end of the month after 20 years at the lender.
The Private Health Partnership has bought the medical insurance portfolio of Home Counties Healthcare.
GMAC-RFC has revealed it will be re-pricing its non-conforming products over 85 per cent loan to value tomorrow.It says it will confirm tomorrow how much it will increase its rates by but says its SVR will remain unchanged.This comes after it announced to its partners that it will increase rates by 0.5 per cent on […]
Last week was Adult Learner’s Week, a celebration of lifelong learning and continued education. But why should education stop after school?
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]