The MSCI AC World index fell for a second consecutive month in July, down by 1.53 per cent in dollar terms, as the fallout from the US sub-prime mortgage crisis spread to lower-quality corporate debt, pushing yields higher.We saw a flight to safety and strong demand for government bonds. Gains in government bonds and investment-grade […]
I know I’ve said it before, but this really doesn’t feel like summer yet – in more ways than one. The inconsistent weather seems to be echoing the state of the markets, and the financial services sector is suffering the ripple effect.
In response to Malcolm Murray’s letter (Money Marketing, August 2), I must call his assumptions into question. Given the importance of the retail distribution review, the last thing we need is statistics which are unsubstantiated and then become definitive due to a lack of challenge. Malcolm stated that the loss of offset was not as […]
Axa Framlington biotechnology fund manager Gareth Powell has left the firm to join Polar Capital.Powell took over the biotech fund in April 2005 from veteran manager Antony Milford.He is set to start at Polar Capital in October and the company is looking at launching a number of healthcare mandates for him and he will also […]
Sarah Scott – Marketing Consultant, Royal London This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]
2018 saw mixed fortunes for the platform space, with a number of advised offerings launching successful IPOs, while others feeling the heat went through mergers or tough technology reboots. Here’s what the experts made of it all. Upgrade pain…again Platforms’ dilemma is whether to stick with the old tech and fall behind with the whizzy […]
Royal London chief executive Phil Loney is stepping down at the end of 2019 and the new chairman, Kevin Parry, will lead the search for his successor. Parry’s appointment and Loney’s departure were both announced this morning. Parry, will leave his current non-executive director position at Standard Life Aberdeen at the end of December and […]
The former Schroders chief finance officer and chief executive of Management Consulting Group will take over the position on 1 January 2019. Parry succeeds incumbent and former deputy Bank of England governor Rupert Pennant-Rea as Royal London’s chairman, who held the position for more than five years. He will help Royal London find a new […]