Nicholas Macpherson has been appointed Permanent Secretary to the Treasury, succeeding Sir Gus ODonnell. He was previously managing director of the budget and public finance directorate and prior to this head of the public services directorate. He has worked in the civil service for 20 years.
Investec has appointed Mark Wynne-Jones from UBS Wealth Management to join its UK contrarian team, reporting to Alastair Mundy. Wynne-Jones was director of wealth management research at UBS and was previously a fund manager at Cavendish Asset Management.
Landlords are seeing a rise in rents over the next two years but this means tenants could face affordability squeeze according to Savills reseidential research.The strength of house price growth over recent years has led to a reduction in first time buyers being able to buy thus boosting the demand for rental properties.New rental stock […]
Shares in Amvescap, owner of Invesco Perpetual, have fallen 42p to 373p following the withdrawal of Canadian firm CI Financial from a proposed 3.4bn takeover of the group.CI say they cannot develop an offer proposal without the full co-operation of Amvescap. Analysts say the firm’s resistance to take-over is likely to deter further hostile bids.The […]
Invstec has appointed Mark Wynne-Jones from UBS Wealth Management to join its UK contrarian team, reporting to Alastair Mundy. Wynne-Jones was director of wealth management research at UBS and was previously a fund manager at Cavendish Asset Management.
Matt Shafer, Head of International Distribution, discusses the firm’s philosophy around Durable Portfolio Construction, particularly the importance of putting risk first, thinking about better ways to use traditional asset classes and how to position alternatives in portfolios.
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]