Following Amvescap's £1.05bn purchase of Perpetual two weeks ago, things are suddenly a lot more interesting for Invesco UK chief executive Hugh Ward.Amvescap also owns Invesco and the purchase of Perpetual is likely to end up with the two fund managers being merged. The combined firm would be the second-biggest retail fund manager in the […]
Abbey National is launching a fully automated on-line facility to enable employers to choose stakeholder pensions for their employees on the internet. Abbey say the move comes as a result of changes in pensions legislation which requires employers with five or more staff to offer pension provisions to employees from next October. Abbey's stakeholder sales […]
Royal & SunAlliance International Financial Services (RSAIFS) is launching a new UK Inheritance Tax planning pack with information on three trusts. The pack includes a general guide to UK inheritance tax, a gift trust, a loan trust a capital access trust and an advisers guide.
US investor Warren Buffett's Berkshire Hathaway Group is buying an underwriting agency from merged insurance group CGNU. Shares in CGNU leapt 4 per cent to £9.58 on the announcement of the sale but the move to pull out of Lloyds of London will cost CGNU £448m in charges. The insurer says it is selling the […]
The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]