Cheltenham & Gloucester has confirmed that managing director Jon Pain will be leaving the firm. Chief operating officer Joy Griffiths will be Pain’s replacement. C&G says Pain will be taking the role of advisory chairman until the end of the year to help support the transition.
The environment for commercial property is now as bad as at the height of the crash of 1989, according to Close Investments managing director property Simon Cooke.He says the market is facing a 20 per cent correction over the next 12 months, with the key City of London office sector to be among the worst […]
Clients no longer have to not-ify Legal & General of any changes to their health or circumstances between the time they submit their protection application and when their policy starts.Industry practice requires applicants to advise on changes to answers on their application form until their cover starts. L&G is the first insurer to abolish this […]
Most investors want two things from their investment – a stable return with as little risk as possible. One of the best ways to achieve this goal is through diversification at the asset allocation level, in other words, getting the right split between equities, bonds, property and cash at the right time.There are huge diversification […]
Equitable Life is writing to all policyholders to update them on the transfer of its £1.8bn book of with-profits annuity policies to Prudential.Over the next week, around 400,000 policyholders will get detailed information on the transaction ahead of an extraordinary general meeting scheduled for October 26.All voting members of the society will be invited to […]
Click link to view full video Portfolio manager Aziz Hamzaogullari talks about the unique style he brings to growth investing, shares examples of companies that meet his growth criteria and explains the importance of fundamental research in a concentrated fund.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]