Legal & General Investments has named Frank McGarry as sales director. McGarry was previously Insight Investment head of intermediary sales and prior to that was sales director at Cofunds.
The Treasury select committee has formally demanded that the Office for Budget Responsibility have its independence enshrined in law, as the Government gears up to establish the organisation in statute later this year. The MP committee has called for the OBR to be responsible for appointing its own staff and required by law to be […]
The Government is considering setting up the Prudential Regulation Authority on the basis that it can implement rule changes without consulting the industry, according to warnings from regulation consultants Bovill. The PRA will be responsible for the prudential regulation of banks and other deposit-takers, investment banks and insurers and will be a subsidiary of the […]
Mark Mobius, executive chairman for Templeton Investments’ emerging markets team, is seeking stocks in a new wave of countries, buying into National Bank of Greece and applying for the ability to invest in Palestine. Mobius says it was possible but unlikely Greece will turn into an emerging market following the eurozone crisis. Despite the country’s […]
View of Defaqto insight analyst for banking Kevin Bray
Johnson Fleming has partnered with Openwork in order to make its managed auto-enrolment service available to Openwork’s advisers.
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]