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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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]