New Star's purchase of Edinburgh Fund Managers' retail funds and multi-manager business brings chairman John Duffield's buying spree to an end for the foreseeable future.New Star head of retail sales Mark Skinner says the 24 funds which the firm has bought from Aberdeen Asset Management, including 10 funds of funds, are the final piece in […]
The global trade deficit in goods narrowed in July. It now stands at 4.3 per cent GDP. The improvement was aided by a dramatic drop in the shortfall in non-EU trade which fell to its lowest level since May 2002 and exports to the US climbed by £400m according to Gerrard's latest figures.
The Association of Consulting Actuaries says Government is failing to put enough priority on encouraging employees and employers to make more substantial pension contributions.Chairman Gordon Pollock says the Government's most recent reform proposals, published in June, fail to encourage employers to continue with defined-benefit provision. In particular, he says there is almost nothing in the […]
Erica Harper of Zurich must be wondering where her weekly dose of press cuttings got to last week.The Diary was delighted to receive press cuttings about Zurich on our fax but we don't think they were intended for us.Could Consolidated Communications possibly have made a mistake? The Diary is only sorry that it wasn't a […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]
The Treasury has today published a “technical consultation” relating to the ban on pensions cold-calling, following criticism for missing its June deadline. The Treasury confirmed last month the implementation of the ban would be delayed due to “technicalities”. At that time, a Treasury spokesman said: “Following debates in parliament, and having considered evidence from the industry, […]