Scottish Widows Investment Partnership chief executive Chris Phillips has been appointed chief executive at Morley Fund Management. Phillips, who will take up the role in the summer, is also chairman of the ABI Investment Committee.
Bill McQuaker is head of multi-manager at Henderson Global Investors.
The Treasury is to launch a basic advice taskforce headed by Aegon chief executive Otto Thoresen aimed at providing free basic advice to all.The nationwide scheme aims to be up and running within five years to coincide with the introduction of Personal Accounts.The scheme will cost around £50m a year with the costs shared between […]
Pearl Group is to begin distributing its 500m inherited estate to one million with-profits policyholders.Pearl Assurance’s inherited estate is estimated to be worth more than 500m of the closed with-profits 10bn fund.Distribution of the inherited estate will be through payouts added on to final bonuses when policies mature, starting from July 2007.The firm will not […]
The Government has appointed Paul Thornton the current managing director of Gazelle Corporate Finance to lead an institutional review of the regulation of workplace pensions.Pensions minister James Purnell announced the review at a NAPF seminar this week which will consider how the functions of organisations involved in the regulation and protection of workplace pensions will […]
Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video, Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]
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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]