SG Asset Management has appointed Jean-Baptiste Segard as chief executive. Current joint CEO John Richards will focus entirely on his head of asset allocation and UK equities fund manager responsibilities while fellow current joint CEO Alex Buffet will take on new senior responsibilities within SGAM Group after nine years at SGAM UK.
Cheltenham & Gloucester has moved into the light adverse market but has decided against moving deeper into the sub-prime sector, following an internal review.C&G said in February it was considering a move into the non-conforming and equity release sectors, but while it has not detailed any firm plans regarding self-cert or equity release, it has […]
The suggestion in last week’s Money Marketing that Swiss Re is seeking to avoid valid claims for two cancer conditions is, unfortunately, misleading. Swiss Re’s dialogue with the Association of British Insurers on critical illness cancer definitions is not directed at preventing consumers from claiming for malignant myeloproliferative disorders. In earlier stages of draft-ing, the […]
Global stockmarkets seem to have shaken off their summer worries over the past few weeks. With this change in mood has come not only new, or at least recent, highs for some of the world’s major indices but, we believe, a fundamental shift in the type of stocks likely to lead further advances.
Paymentshield is set to be sold to the UK’s biggest regional general insurance intermediary in an expected 180m deal, Money Marketing understands. The Towergate Partnership, which controls over 1.25bn of gross written premiums, is believed to be in the final stages of negotiations to snap up the mortgage payment protection insurance and buildings and contents […]
Cormac Weldon reviews the first year of Artemis’ initial three US funds, and where he sees things going from here. Click here to read full article
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]