Northern Rock bank has renewed its sponsorship deal with Newcastle United which is worth up to £10m over four years.
Baillie Gifford head of the European equity team and co-manager of the European fund Peter Hollis will leave the firm in April 2011.
Life company funds are producing top-quartile performance as they concentrate on obtaining manager talent and creating alpha-focused products. Within the retail fund sector, life companies have notoriously been considered to have mediocre offerings. With only a handful of notable exceptions, such as Standard Life Investments, few have been able to establish a strong asset management […]
Royal London 360 has appointed Mike Lane as wrap relationship manager.
Fidelity head of retail sales Peter Hicks says capital adequacy requirements for platforms are set to increase as they move higher up the regulatory agenda. Speaking at a Fidelity briefing in London last week, Hicks said the FSA has now realised that platforms are fundamental to making adviser-charging work because of the cost, complexity and […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]