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.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]