Inflation rose sharply last month to 2.9 per cent, up from 1.9 per cent in November, according to figures from the Office of National Statistics. The rise in the consumer price index is the biggest since records began in 1997.
Ascentric says platform providers should monitor adviser charges on their platform and question high fees to avoid misselling. Managing director Hugo Thorman said platform firms should have a duty to monitor charges levied on clients. He said: “I am a definite minority in this but I think by not monitoring adviser charges we could end […]
What was your first job?My first job was as a sales support executive for the now defunct Mortgage Express. Back in the day, Mortgage Express was a great place to work, with a real entrepren-eurial feel to it. This role gave me my first taste of the online world – I registered the company URLs […]
Virgin Money has appointed former RBS executive Finlay Williamson as finance director.
Mathew Symmonds, 25, who was a customer adviser with Halifax in Middlesbrough,had admitted fraud charges totalling £1,650 when he appeared before Teesside magistrates. The magistrates then sent him to crown court for sentencing as they considered that their power of imposing a maximum of six months’ imprisonment would not be sufficient. However, at Teeside Crown […]
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]
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Almost a third of women in the asset management industry have experienced sexual harassment in the workplace, according to a new survey, as Fidelity and the Worldwide Healthcare Trust dismiss fund managers due to inappropriate behaviour. A global survey by the Financial Times reveals 32 per cent of women working in asset management have experienced […]
Platforms are chasing assets in order to achieve scale but the winners of the future will need more than that The importance of scale is one of the key topics of conversation in the platform industry. Scale brings some clear benefits to platforms, such as allowing them to charge consumers less, providing the means of […]
The pensions industry has welcomed government reforms to boost auto-enrolment while raising concerns about their limited scope and time it will take to implement them. In its much anticipated review into auto-enrolment the government says it will lower the age at which people are eligible for a workplace pension from 22 to 18. The government […]