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Pimco global equities head exits

Embattled asset manager Pimco has suffered another blow following the news global head of equities Virginie Maisonneuve is to leave the firm. Maisonneuve joined Pimco in 2014, having been hired by former chief executive Mohamed El-Erian, but will now be leaving the firm, according to reports from the Financial Times. Douglas Hodge, Pimco’s chief executive, says […]

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UK GDP up to 0.4% in April

UK GDP grew by 0.4 per cent in the three months to April compared to 0.3 per cent growth in the three months ending in March 2015, according to the National Institute of Economic and Social Research. The think-tank says it expects “the slight softening” of GDP growth experienced in the first quarter of this […]

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Ex-Deutsche Bank trader files court case against FCA

Former Deutsche Bank trader Christian Bitter has filed a court case against the FCA after it fined the bank £227m. In April Deutsche Bank was fined a total of £1.7bn by international regulators for manipulating Libor and Euribor. According to Bloomberg, Bitter claims the FCA improperly identified him in a report accompanying the Deutsche Bank […]

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Sesame confirms Intrinsic AR referral deal

Sesame Bankhall has confirmed it has chosen Instrinsic as its preferred partner for investment and pension appointed representatives who choose to leave the network following its closure. Last month, Money Marketing revealed that Sesame was planning the tie-up with the Old Mutual-owned network after it closed for business to investment advisers. Following the restructure of […]

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Generation Rent

We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be

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