HBOS has admitted that some aspects of its experimental mortgage retention strategy introduced last year have failed to deliver, leading to an expected drop in net lending share to less than 10 per cent for the first half of this year.
Alliance & Leicester has appointed group finance director David Bennett as group chief executive, effective from July 27.Former group chief executive Richard Pym asked the board in February to consider his successor, resulting in a search of external and internal candidates. He will retire from the board on July 27. Current managing director, retail banking […]
The ABI has launched a review of its life and pension fund sectors which categorises over 6,000 unit-linked life and pension funds. The sectors enable advisers and consumers to compare similar funds on a like-for-like basis, and are independently monitored by the ABI.Over £500bn of assets are managed in these funds and the review has […]
By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]
Former Investment Quorum chief executive Lee Robertson has been appointed to the board of the Association of Independent Non-Executive Directors. Speaking to Money Marketing, Robertson says he is looking forward to giving back to the industry, following his departure from Investment Quorum, which he founded in 2000. He says: “It just seems like a nice fit for […]
Employers providing DC pensions pay far less into them than those providing DB schemes Sooner or later, we will have to accept the fact the golden age of company pension provision in the UK is over. It has been for some time now, yet the pensions industry and the government are still in denial. The […]