Scottish Widows Investment Partnership has poached fund manager Alix Stewart from Gartmore to run its corporate bond plus portfolio. Stewart ran Gartmores corporate bond fund in which time it delivered top quartile returns and was A-rated by Standard & Poors.
In his second article on depolarisation, The Strategy Works managing director Michael Herson considers why it costs too much to give advice and the ticking timebomb that is the aging adviser population
Standard Life has launched an ethical corporate bond fund aimed at low risk ethical investors requiring an income.The fund will be managed by Alasdair MacLean who currently manages the firm’s select income fund. It will invest in a portfolio of corporate fixed interest and other holdings screened against Standard’s ethical process as “acceptable” and “preferred”. […]
Drawdown has been a disaster for more than 100,000 pensioners who will be significantly worse off than those who chose to annuities back in 1995, according to a report by Annuity Direct. The annuity specialist IFA says investors have lost out because annuity rates falling more sharply than drawdown funds have risen over the past […]
Lighthouse Group has bought IFA and Sipp administrator Carrwood Barker Holdings in a deal worth up to 4.5m. Lighthouse is funding the acquisition of the Manchester firm, which has introducer agreements with 100 firms of chartered accountants and solicitors, with the issue of 3m worth of new shares.
Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]