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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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 […]