If Mr Reid would like to take the trouble to contact me, I will be only too pleased to discuss what strengths a qualified paraplanner can bring to an IFA business and hopefully dismantle his narrowly held views.
Congratulations on your appointment and your first wise decision to put back the next deadline on the retail distribution review so you can have a few weeks to get to grips with a subject that your predecessors have failed to work out these past 27 regulated years. Actually, that is a bit unfair. They did once get to grips with it with a concept called polarisation but they were lobbied into scrapping that with a move called depolarisation, designed to improve bancassurer sales levels. It failed and that is where we are now and it is what Callum McCarthy called “broken”.
Polar Capital has replaced Threadneedle in Skandia’s UK strategic best ideas fund. The move follows the departure of Threadneedle fund manager Paul Findley in July. Polar Capital’s UK equities lead manager Phil Hardy will run its share of Skandia’s 102m fund.
Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing Managers Index, […]
BlackRock and Schroders are frontrunners to manage £109bn for Lloyds Banking Group’s Scottish Widows Investment Partnership funds, Bloomberg reports. The London-based bank is set to make its decision in the third quarter of this year, after it invited bids for its contract at the start of this year after ending the agreement it had with […]