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OMAM appoints new quant team members

Old Mutual Asset Managers has appointed four fund managers to its quantitative strategies team.
Dr Gavin Brown and Anna Perriam are joining from Northern Trust Global Investments&#39 European quant team, where both were senior portfolio managers.
Dr Ian Heslop, a global equity manager, and Tracey Lander, an asset allocation specialist, are joining internally, having worked in other OMAM departments.
Director of sales & marketing Andrew Lightbown says: “We have rebuilt this team beyond its former capacity and within a short period of time. I am confident the team will continue the success of the process and our growth in important areas.”


Age Concern could set up a national IFA network

Age Concern is considering a plan to launch a national network of IFAs to service the retirement market for financial services. The charity is believed to be preparing a business plan that will be considered at its June board meeting, where a decision will be made whether to go ahead with a national advisory presence. […]

Enable network offers free PI deal

Enable Mortgage and Insurance Network says it will not charge its network members extra for offering professional indemnity insurance cover as part of its intermediary package. The network, owned by Skipton Financial Services subsidiary Direct Life & Pensions, will charge just a £500 excess on any claims made on the insurance scheme, significantly undercutting rivals. […]

Crawshaw takes B&B into multi-tie arena

Bradford & Bingley is ending its IFA status and moving towards multi-ties in a major reversal of strategy following a wide-ranging review led by new group chief executive Steven Crawshaw. Just three years after it launched The MarketPlace, heralding B&B&#39s transformation into an independent retailer, the group is tendering multi-tie contracts to “all the usual” […]

Spouse approval is urged for single-life annuities

Spouses could be forced to get written consent from their partners before buying single-life annuities under a rule change called for by the Equal Opportunities Commission and Age Concern. An EOC-sponsored amendment to the Pensions Bill was withdrawn by Labour MP Vera Baird last week after the Government said it would look at ways of […]


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