M&G says the exclusion of commodities and hedge funds from its new cautious managed multiasset fund will not undermine the diversification benefits of its investment approach.David Jane, who will manage the fettered fund of funds, believes that investment in gold is risky because returns depend on its spot price at any given moment while fixed […]
Royal London Group saw new life and pension business rise by 10 per cent in 2006, growing from 1.8bn in 2005 to 1.99bn, on a present value of new business premiums basis. Bright Grey’s new business volumes fell by 6 per cent from 163m in 2005 to 154m in 2006.
The issue of advice on pension personal accounts has been thrown into further confusion after the FSA and the DWP issued conflicting messages to advisers about their duty to consider the means-testing entitlement of clients.The Department for Work and Pensions has warned advisers they would be “extremely irresponsible” to recommend that clients do not enter […]
Poor Abbey PR Charles Ansdell had the fright of his career when a less than observant MM hack sent him an email about a lunch meeting on February 22, not realising it was in fact January 22 at about 3pm. His response was: “Bejeezus, that had me worried for a second. Never send PRs emails […]
As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
Over 1,250 financial advisers turned up to the FCA’s series of regional events, Live and Local, last year, the regulator has revealed. In its annual report this morning, the regulator says that it is continuing to engage with advisers through events including Live and Local, which include supervisory workshops, firm surgeries, roundtables and chairman’s lunches […]
FCA chief executive Andrew Bailey received a £75,000 bonus for 2017/18,the regulator’s account. Part of the bonus has been deferred and will be paid in 2019. The portion of the bonus already received has been donated to the FCA’s staff charities, Richard House and the Alzheimer’s Society. The bonus is a £10,000 increase on Bailey’s […]