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 […]
Out of context “If you hear any music, don’t worry, it’s not my iPod.” Pimfa’s Liz Field apologises to MM after train delays force her to dash into a coffee shop for an interview “Paid in wine please.” Yardstick Agency Founder Phil Bray jokes about his payment preference after giving financial planning personality Phil Billingham a […]
Inflation stayed put at 2.4 per cent in June, bucking against an expectation it would rise to 2.6 per cent. Data from the Office for National Statistics released today show inflation will remain at its lowest level for 12 months. Smith & Williamson Global Inflation-Linked Bond Fund manager Thomas Wells says the Bank of England will now […]