Conservative Shadow pension minister Nigel Waterson was arrested this week after allegedly assaulting his teenage son and daughter. A police spokesman says a 58-year-old man was released on police bail pending further enquiries.
F&C recorded gross new inflows of £703m into its Oeic range in 2007, a 37.3 per cent increase on 2006, in what was a record year for its open-ended investment funds.
Andrew Paddick, director general of the Institute of Insurance Brokers, died suddenly last week.Paddick was a founder member of the British Insurance Brokers’ Association before setting up the IIB in 1987.The combative industry stalwart will be remembered for his forthright lobbying of the Government and regulators. He railed against the proposed mandatory membership of the […]
The personal accounts delivery authority launched its consultation on choosing a charging structure to pay for personal accounts today.The consultation paper outlines a number of ways charges could be deducted including an annual management charge, a contribution charge and a joining charge.But Pada identified the fact that different charging structures favour different potential members depending […]
The A-Day effect is far from over as advisers are predicting that clients’ pension contributions will increase over the next three years, says Skandia.The firm’s survey of 500 advisers shows that 64 per cent predict clients’ pension contributions will increase over the next three years, a third forecast no change and 3 per cent predict […]
Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]