New gilt issues in the range 40-50 years could be announced with the budget in March, following a consultation process with investors and gilt-edged market makers by the Debt Management Office. Pension funds, which have suffered from falling bond yields and rising longevity, have expressed interest in longer maturities.
A report on F&C by Morgan Stanley has predicted an outflow of 3bn in assets under management this year, after suffering outflows of 4.7bn last year. A 25-page Morgan Stanley report said F&C has suffered following its merger with Isis last October. The Morgan Stanley report says unit trust sales moved from an 85 million […]
“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan. Click here to read the full article
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]