Neptune is to merge its £11m global income fund into the £548m global equity fund and will introduce an income share class on the combined Oeic.
Aifa chairman John Gummer has called on Hector Sants to improve the FSA’s relationship with Europe and learn lessons from the European Union to create more sensible regulations. Speaking at the Aifa dinner last night, Gummer said the priority for the new FSA chief executive was understanding the UK’s position within the EU and showing […]
BM Solutions has launched 30 new products in each of its three existing rental tiers in its BTL range.Rental incomes are now calculated on the product payrate throughout the entire range. A range of incentives, including valuation refunds and cashback, are also available on some deals. Examples of the products include a 5.25 per cent […]
The last month has seen Sainsbury’s and Tesco running promotions through their loyalty programmes to promote their life insur-ance but the move has been criticised by some advisers as a gimmick.
The FSA has closed down Manchester broker M Young Legal Associates for leaving clients uninsured by selling them insurance without underwriting in place.The regulator has banned managing director Michael Young, also known as Mohammad Younas Yousaf, and financial director Asif Habib Malik for their roles in the affair.The firm advised on and sold after-the-event legal […]
Different growth cycles require different investment strategies. In this short video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management, explains how he implements this across the RL GMAPs using the Investment Clock. Click here
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National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]
Columbia Threadneedle’s new EMEA chief executive Michelle Scrimgeour on why passives’ popularity will not last forever
The committee wants answers on the gender divide of the Bank of England’s committees The influential Treasury select committee has threatened to stop endorsing appointments to the Bank of England unless the Treasury starts nominating a more diverse range of candidates. Chair Nicky Morgan has written to Chancellor Philip Hammond demanding the Treasury publish the […]