Paternoster has taken on the assets and liabilities of the Emap pension scheme, which total £170m. Paternoster says its pension scheme assets exceed £750m.
The Bank of England will need to make two interest rate cuts next year in order to halt an economic slowdown, it revealed yesterday in its November inflation report.The BoE’s report showed that inflation would fall well below its 2 per cent target in two years’ time if UK interest rates were held at 5.75 […]
New Star Asset Management has appointed Dan Ford as the firm’s director of product development.
Treasury select committee chairman John McFall says rating agencies have “failed hopelessly” to ensure investors are fully aware of what their ratings stand for and were slow to react to the Northern Rock fiasco.At a TSC meeting on Tuesday, McFall blasted Standard & Poor’s, Moody’s and Fitch Ratings for failing to make it clear to […]
Cazenove’s new multi-manager team is looking at investing in hedge funds for the first time with the help of the group’s hedge fund managers, Tim Russell, Neil Pegrum and Chris Rice.
Fiona Tait – Pensions Specialist, Royal London The DGS is more than just a pretty website, it can help you to target those clients who are most likely to be affected by the proposed cut in the Money Purchase Annual Allowance MPAA). Clients who have triggered the MPAA When it was launched Royal London automatically uploaded […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]