The shareholders of Martin Currie Smaller Companies Investment Trust are proposing to reconstruct the company. If approved, shareholders will have the choice of rolling over their investment into a new split-capital trust called the Martin Currie Enhanced Income Trust or they can take cash.
The Corporation of Insurance & Financial Advisors has changed its name to the Corporation of Insurance, Financial & Mortgage Advisors. The trade association was initially formed in 1968 as the Corporation of Mortgage Brokers. The change was announced at its annual lunch last week.
Sun Life of Canada has appointed Tony Watts as head of audit. He will take over from John Webb, who will now carry out various special projects for the company.Watts has previously worked in similar functions for Morgan Grenfell and Deutsche Bank.
Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.
The Scottish Friendly Assurance is launching an Oeic as part of an Isa range.The Oeic sub fund will be called the Scottish Friendly Managed Growth Fund.The fund's investment management team will be headed by Julian Fosh. The investment spread will be 56 per cent UK equities, 12 per cent fixed interest, 27 per cent and […]
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]