Ignis Asset Management head of marketing Rob Page is leaving the firm to join former Liontrust colleagues Jeremy Lang and William Pattisson at Ardevora Asset Management. Page, who joined Ignis early last year, will be a partner at the firm, which launched in January 2010. Deputy head of marketing James Senior will step into Page’s […]
Zurich UK Life has announced Openwork as the first distribution partner of its retail savings platform. The platform will be available through Openwork’s single-tie, multi-tie and IFA businesses towards the end of the year. As part of the deal, Zurich UK Life will continue to be the exclusive platform supplier to the Openwork single-tie offering […]
Aberdeen Asset Management’s multi-manager team is rebranding its £7.9m multi-asset growth fund and is giving it a stronger total return mandate. The fund will be renamed diversified alpha and the team will be changing more than half of the 26 underlying funds. Aberdeen is also reducing the annual management charge from 1.5 to 1.25 per […]
Isa sales are on the rise after a slow start to the Isa season and equity income funds remain the most popular choice for investors. There have been concerns that the earthquake and tsunami in Japan and the political upheaval in Libya and the Middle East along with a lack of fund launches during the […]
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
Auto-enrolment is a much-celebrated success, with around 10 million workers now belonging to pension schemes chosen by their employers. Unfortunately, however, the complexities of pension administration have created a major problem that has the potential to undermine confidence in it. The last thing we need is another pensions scandal splashed across the front pages. Pension […]
The pound dropped to its lowest level since June 2017 today as media reports emerged prime minister Theresa May will delay a parliamentary vote on her Brexit deal. There have been widespread reports the critical vote scheduled for tomorrow is going to be delayed with May scheduled to address MPs later this afternoon. The pound […]
Less than one in twenty consumers are aware their pension is 100 per cent protected by the Financial Services Compensation Scheme if directly managed under a life insurance contract, research has found. The FSCS consumer survey by Populus also found 49 per cent of respondents do not think FSCS protection applied to pension products. The lifeboat scheme […]