OFT launches education campaign to warn of new powers

South African financial services group Old Mutual is reviewing its UK life insurance subsidiary as part of its plan to focus on asset management.Old Mutual closed its books to new life business last year but continues to manage existing business.A spokeswoman says the review was only started a few months ago and any decision on […]

The OFT is urging mortgage providers to develop a bench-mark-based code of practice to help produce a genuinely competitive market.OFT director general John Bridgeman, who was speaking at a Money Advice conference in London, said he believed that self-regulation would only be successful if product providers have standards to meet rather than laws to comply […]

The David Aaron partnership is recommending six Corporate bond Peps in its new guide. They are the Aberdeen Prolific Corporate Bond Pep, CGU Monthly Income Plus, Dresdner RCM Preference Share Pep, Legal & General Corporate Bond Pep, M&G Corporate Bond Pep and the Perpetual Cash Generator Pep.The guide considers the performance, risk and relative tax […]

Former GT Global smaller companies fund manager David Taylor is joining HSBC Asset Management as it attempts to halt a £15m wave of redemptions.Taylor will head up HSBC&#39s smaller companies division. He replaces Ashton Bradbury who is leaving for Hill Samuel Asset Management next month.The HSBC Smaller Companies fund has been hit by £15m in […]