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Correspondent's Week
“Ethiopia. I'm going to Ethiopia. Why?” This was my initial reaction when I was pre sented with a trip to this African paradise. But what could this former war-torn, famine-plagued corner of East Africa have to do with the financial services industry in the UK? Let's get this straight from the start. Ethiopia has nothing […]
Executive stress
I am a 60-year-old director of a company. My executive pension plan has just matured. I noticed a performance comparison in the financial press where my insurance company shows what returns it would have given on a policy similar to mine. The returns it quotes are much more than I got. In fact, I paid […]
Yorkshire taking the 'moral high ground' to gain edge on rivals
Yorkshire Building Society's customer promise to its one million members marks an escalation in the competition between lenders. Last week's move raises the stakes from a war on price to one covering principles and service. Communications manager David Holmes says: “This is the next stage of proving what a mutual can do. “For the last […]
Berry Birch profits slump as Moores Marr takeover fails
A failed attempt to buy rival IFA firm Moores Marr Bradley contributed to sharply reduced six-month profits at Berry Birch & Noble. Profits plunged to £177,000 for the half-year to July 31 compared with £355,000 for the same period last year, a drop of more than 50 per cent. Berry Birch & Noble paid £141,000 […]
Bonds in 2017: Stick or twist?
Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]
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A hostile climate and burrito bonds: The Wells Street Journal
A weekly account of the curious goings-on in the world of financial services A hostile climateOn the same day the Prudential Regulation Authority put out a policy statement on the financial risks of climate change and five London landmarks were ground to a halt by climate protesters, it was starting to feel like a bit […]
Jason Broomer: Fund survivor bias is alive and kicking
Understanding the impact of cutting the dead wood Nothing sells funds like performance. Despite all the regulator’s railings that past performance is no guide to the future, we see flows being directed to the funds at the top of the league tables time and time again. There are, of course, far too many funds out […]
DWP publishes guidance on GMP equalisation
The Department for Work and Pensions has published its first round of guidance to help trustees resolve unequal guaranteed minimum pensions today. A GMP is the minimum pension that an occupational pension scheme, contracted out of the additional state pension between 6 April 1978 and 5 April 1997 on a salary-related basis, has to provide […]
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