Rowanmoor Pensions completed its management buyout of the SSAS business of James Hay Pension Trustees and the regulated business of James Hay Investment Services this week. The buyout was led by former James Hay Consultancy directors Ian Hammond and David Seaton.
Baillie Gifford has appointed Ben Thompson as co-fund manager of its high yield bond fund.Thompson previously worked in the US and European equity departments of Baillie Gifford and will manage the portfolio alongside current fund manager Ken Barker.The double ‘A’ rated fund has five stars from Standard & Poor’s and ranks in the top decile […]
The FSA is proposing measures to simplify the approved person regime, which it hopes will save firms around £1m a year.It is consulting on merging the customer functions in the regime which it says will lessen the burden of paperwork on firms in the wholesale and retail markets.Managing director of regulatory services David Kenmir says […]
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By Kunal Desai, head of Indian Equities, Neptune A key concern for investors who were looking at India afresh has been the rich valuations and strong prior performance. We view the correction in the market through short-term growth concerns from demonetisation as a terrific entry point for the long-term investor. Investors should not be overly concerned […]
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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 […]
The Liberal Democrats have branded the government’s decision to delay a pot follows member pension system “incompetent”. The Liberal Democrat spokesman for work and pensions Stephen Lloyd MP says the move by pensions minister Guy Opperman shows how “rudderless” the current government is on pensions policy. Last October Opperman suggested the pot follows member initiative […]