Resolution grew its new business profits by 20 per cent to 30m in the first six months compared with the second half of 2006.
Multi-manager duo Gary Potter and Robert Burdett have joined Thames River with plans to launch a core range of five multi-manager funds on October 1. Potter and Burdett had been on six-month gardening leave following their departure from Credit Suisse.PSigma has recruited former Credit Suisse manager James Abate to set up a large-cap US equity […]
F&C Investments says that although the worst is over, the financial markets will be volatile for the rest of 2007 and there will be some high profile problems in individual companies, sectors and markets.
National Savings and Investments saw new funds in its savings products more than double over the weekend, following claims that all money invested with it is “100 per cent secure”.
At the end of July, the Pensions Regulator issued its quarterly update on auto-enrolment (AE) compliance by employers in the UK. The full report can be seen under the quarterly bulletins section here.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]