Royal Liver will introduce a range of multi-manager investment funds in early 2008 as part of its modernisation strategy.
GMAC-RFC has confirmed that its managing director of operations Barry Searle has left the lender.At the same time it announced a round of promotions to its senior management team, with the promotion of David Botting, Chris Kujawa and Craig Beresford.Botting will be the new managing director of operations and Kujawa has been named as director […]
Ninety-four per cent of advisers believe that independence should not be determined solely by the way they are remunerated, as proposed in the retail distribution review, according to Skandia.The company surveyed 158 advisers and found only 7 per cent believe remuneration is the most important factor determining independence. Sixty-one per cent say the product range […]
The FSA paid out more than £13m in fees to external consultants last year.Top earners include Defaqto which was paid £1,330,494 and PriceWaterhouseCoopers which received £1,208,663. Other big beneficiaries were Mills & Reeve with £366,953, QI Consulting on £345,905, Concerto Consulting with £362,098 and KPMG £316,518.A freedom of information request made by Money Marketing shows […]
Last week, I indicated the increasing dominance of the stockmarket by investment professionals was behind the upsurge in share volatility. With hindsight, this appears a little oversimplistic. There have been other changes that add to the potential for wide swings in indices and the value attributed to individual companies.
As the title of this paper suggests, credit migration is probably worse than you think, but then not as bad as you fear. So how concerned should investors be about this phenomenon? Where should their focus lie? Natixis’ affiliate, Loomis Sayles & Company’s Director of Credit Research and Credit Strategist, Chris Gootkind, addresses this and […]
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Aberdeen Standard Investments has agreed a joint venture with Virgin Money to provide asset management services to its customers. Under the terms of the deal, Aberdeen Standard will acquire 50 per cent of Virgin Unit Trust Managers for an upfront cash payment of £40m. The transaction is expected to be completed by the end of […]
Fewer savers are turning to an adviser before fully cashing out their pension, latest FCA figures show. Between April and September 2017, just 32 per cent of full withdrawals were advised, down from 44 per cent the previous year. 95 per cent of the decline in advice was attributed to cash outs for pots under […]
Hargreaves Lansdown will be able to return “loyalty bonuses” to investors tax-free after winning a legal battle with HM Revenue and Customs. The fund shop says at least £15m will collectively be returned to around 150,000 investors. HMRC has 56 days to appeal the decision of the Upper Tax Tribunal that loyalty bonuses are not […]