Alison O’Connell is stepping down as director of the Pensions Policy Institute to research retirement and pension policy on a freelance basis. She remains a governor of the PPI but Niki Cleal, who had been seconded to HBOS, returns to replace O’Connell as director.
Baring Asset Management has hired Matthias Siller to join its Europe Middle East and Africa (EMEA) equities team.Siller joins from Austrian investment management company Raiffeeisen Capital Management.He has over nine years experience on both the buy and sell sides, including proprietry trading Central and Eastern European equities and derivatives, and will be responsible for the […]
A war of words has erupted between campaigner Dr Ros Altmann and Work and Pensions Secretary John Hutton over the Government’s rejection of the Parliamentary Omb udsman’s report into pensions. Altmann has branded the Financial Assistance Scheme as “political spin” while Hutton has defended the FAS in an open letter to a national newspaper, saying […]
Insinger de Beaufort has dropped Newton and Investec from its UK mandate because it believes the biggest risk to multi-managers is too many holdings leading to a replication of index returns within a double-charging structure.
A series of adviser modules are being rolled out by Clerical Medical to help IFAs guide customers in the post-A-Day market. The modules aim to help intermediaries understand the impact of the new legislation and maximise opportunities. The first module, entitled, product suitability review, covers post-A-Day issues in executive pensions, section 32s, retirement annuities, free-standing […]
Johnson Fleming’s current charity of the year is CLIC Sargent: the UK’s leading cancer charity for children and young people, and their families.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]