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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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]