Pharmaceutical giant AstraZeneca is set to be the next company to demand compensation from Merrill Lynch Investment Managers, for the poor performance of its pension fund in the 1990s.
The news follows the recent eight week court battle by multi-national conglomerate Unilever against MLIM, which eventually saw the two settle out of court for a reputed £70m.
Supermarket giant Sainsbury’s is another firm which has said it is considering suing MLIM.
The Government’s decision to regulate general insurance neatly solves the embarrassment over General Insurance Standards Council, says mortgage expert Ray Boulger.The status of the body set up to self regulate the general insurance market had suffered a blow after a successful legal challenge to its requirement for all intermediaries selling general insurance to submit to […]
Looking at the product literature Perdisatt calls it: “Rather dull, doesnot particularly grab your attention. It is, however, fairly easy tounderstand.”Parrott says it is simple to understand and gives sufficient detail.Stevens says: “Very straightforward. The risk thermometer inthe product guide is useful.” Cave says it is nothingspecial.Summing up Stevens says: “The first page of the […]
Legal & General is building on the theme of capital protection with the introduction of the second tranche of its protected portfolio. Protected portfolio II has a five and a half year term, which is six months longer than the previous edition. It is linked to a portfolio of 30 stocks that are taken from […]
City analysts have given a cool response to Bradford & Bingley's restructuring programme, predicting that investors will lose patience, hitting the company's value.The warning follows an end-of-year announcement in which B&B predicts it will increase distribution in 2002, based on a growing salesforce and increased impact of The MarketPlace and Charcol brands.But analysts argue that […]
Loomis Sayles’ Macro Analyst, Craig Burelle, discusses the key takeaways for bond markets during Q3 2016 and looks at the outlook for global growth and inflation. Click here
News and expert analysis straight to your inbox
Sign up
It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]
Comments