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.
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]