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Axa Wealth new sales top £5bn in Q3

Axa Wealth grew its new sales by 87 per cent to £5.12bn in the third quarter of this year, driven by new assets flowing to its Architas and platform businesses. The firm’s third quarter results, published today, reveal new sales reached £5.12bn compared to £2.74bn in the same quarter a year ago. Funds under management increased […]

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Pensions Ombudsman awards £10k after provider fails to flag GAR

The Pensions Ombudsman has awarded a pensioner nearly £10,000 after provider Abbey Life and consultant Towers Watson failed to alert her to a guaranteed annuity rate. Diane Godfrey paid into a company pension scheme, administered by Abbey Life, for two years up to 1980. She retired in 2004 but according to the Ombudsman was not […]

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Baillie Gifford’s MacDougall replaced on Japan funds

Baillie Gifford Japanese Smaller Companies Fund and Shin Nippon investment trust manager John MacDougall has been replaced. MacDougall will move to a global equities role within the company, after eight years running the two funds. He will be replaced by Praveen Kumar, who is currently an investment manager in the Baillie Gifford Japanese equities team, as of […]

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SimplyBiz hires ex-Zurich boss

SimplyBiz has named former Zurich director David Etherington as a non-executive director. Etherington held a number of roles within Zurich, including four years as chief growth officer. He has also held senior management roles at Natwest and UnumProvident. Etherington leftthe insurer in 2012 after a restructure made his role redundant. SimplyBiz Group chair Ken Davy says: […]

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