Yong-Moon Kim has joined Credit Suisse Asset Management as managing director and head of global equities for asset management. Yong-Moon arrives from Mirae and will report to head of equities for asset management Kim Goodwin.
The Jersey Financial Services Commission and the British Virgin Islands Financial Services Commission have signed a memorandum of understanding that will further co-operation between the two regulatory bodies.
Just Retirement and The Hartford edged out more established product providers to make the top three of Sesame’s first provider service index.The survey found Just Retirement was ranked top for service by its members, followed by Skandia and The Hartford. Friends Provident and Standard Life were ranked fourth and fifth.Axa was ranked the worst with […]
Poor administration on pension transfer business is damaging the industry and must be tackled head on, says Suffolk Life director of sales and marketing John Moret.The Pensions Ombudsman’s annual report for 2006/07 showed that pension transfer business was the second-highest cause of complaints with 158 cases, representing 13.9 per cent of all complaints.Moret says he […]
Some investors holding money with Blackmore Bonds are yet to receive July interest payments, despite the firm’s insistence all funds have been transferred and cleared. One such investor has told Money Marketing they have been “ignored” by Blackmore. Chief executive of the mini-bond provider Patrick McCreesh told Money Marketing this week that some investors holding Isas […]
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]