Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.
The Competition Commission has published a consultation document inviting feedback on its views of competition in the payment protection insurance industry in the UK.
Adviser firms must up their pace of progress in embedding Treating Customers Fairly if they are to meet next year’s deadlines, warns the FSA.
Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.
Almost a quarter of landlords plan to expand their property portfolios over the next five years, says the National Landlords Association. Research by the NLA says 23.4 per cent of landlords plan to grow their holdings, while nearly 60 per cent say theirs will remain unchanged during that same period. Fewer than 18 per cent […]
For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Phoenix is set to shed roles in a redundancy round following its decision to buy parts of Axa’s business last year. The closed-book provider snapped up Axa Wealth businesses Embassy, its off-platform investment and pension division and Sun Life, its direct protection business, in a deal signed last May, before also buying rival closed-book operation […]
Hargreaves Lansdown has removed Paul Chesson’s Invesco Perpetual Japan fund from the Wealth 150 list of recommended funds due to its volatile performance. Chesson, head of Japanese equities, has run the £318m fund since 2000 and takes a high conviction, contrarian approach to investing. Investment analyst Dominic Rowles says that while this has led to […]
Firms will not necessarily have to advise on every relevant investment product but it will be difficult to discount structured deposits