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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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]