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OMAM head of strategic alliances exits

Old Mutual Asset Managers head of strategic alliances Kevin Bull has left the firm, Money Marketing understands.

Bull was previously head of third party distribution at Britannic Asset Management. He joined OMAM in June 2006.

The firm appointed Simon Smith as the head of wholesale business from Standard Life Investments in September last year.

BNY Mellon head of global distribution Paul Feeney was appointed as chief executive of asset management for the long-term savings division of Old Mutual in October. But he will now replace former Gartmore head of global distribution Phil Wagstaff as chief executive of Skandia Investment Group. Wagstaff has left to join Henderson as global head of distribution.

OMAM refused to comment.



Call for single ‘gateway’ to FSA, FOS and Money Advice Service

A “financial services gateway” should be set up to provide consumers with a single point of access to regulatory bodies such as the FSA and the Financial Ombudsman Service, according to the Financial Services Compensation Scheme. FSCS chief executive Mark Neale proposed the idea during a speech to the Insurance Institute of London today. Neale […]

Bright side

The team and myself are delighted to reveal that our collective resolution is to focus as much on the positives as the negatives in financial markets and the economy in 2012. With a positive mindset, we are asking whether the market moves higher can last? Possibly, rather than probably, would be our view. The starting […]

Morningstar unveils investment trust ratings

Fidelity’s Anthony Bolton is one of four managers who have had their trusts rated as ‘neutral’, as Morningstar launches its investment trust ratings service on 32 trusts.   Other trusts given a neutral ratings are the Henderson Far East income, Martin Currie Pacific trust and the Merchants trust. None of the trusts initially rated was […]

High Court rules that pension fund loans for under-55s are illegal

The High Court has ruled that arrangements which allow people to access their pension fund through loans before reaching age 55 are illegal. Money Marketing first warned about the risks of investing in pension reciprocation plans in May last year. The schemes claim to allow people to borrow up to half of the value of […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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