Barclays retail and commercial banking head Frits Seegers has quit after control of his commercial lending unit was handed to group president Bob Diamond in a surprise restructure. Barclaycard chief executive Antony Jenkins will take over retail banking in the UK, Europe and emerging markets while Diamond will lead commercial banking and keep control of investment banking and wealth management.
Lloyd George Management has launched a global emerging markets fund for Kathryn Langridge.
Equities regain lead over bonds with absolute return taking over as the top sector for retail business
Transact says the RDR has forced platform providers to re-examine the way in which they do business.
The FSA has fined UBS £8m for systems and controls failures that enabled four employees to carry out unauthorised transactions involving customer money on at least 39 accounts.
Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]