Standard Life has confirmed that a disk containing 15,000 clients’ confidential information has been lost in a package sent by HM Revenue & Customs to Standard’s pension department. Clients affected are those who have contracted out of the state second pension.
Net retail sales of ethical funds have grown sixfold in the past 12 months, says the Investment Management Association. Ethical inflows reached £135.5m in the third quarter this year compared with £23.1m at the same point in 2006. Fund of fund sales took a downturn, totalling £803.4m in Q3 compared with £1bn in Q2 and […]
Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.
Mortgage outsourcing company Connect Mortgage Group says it is looking to double in size over the next 12 months by acquiring struggling packagers and small networks.The firm says it has already more than doubled in size during 2007 and is on target to do £1.4bn in lending.It says that its target for 2008 is to […]
A Protocol amending the exchange of information within the UK’s double taxation convention with New Zealand was signed in London today.
In this brief video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), introduces the Global Multi Asset Portfolios (GMAPs), touching on the distinctive investment approach used to manage asset allocation across the funds.
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The Pensions Ombudsman and The Pensions Regulator have agreed to share information to increase their understanding of issues in the sector. The agreement follows the FCA and TPR announcing in February they will work together on a strategy to tackle risks in the pensions sector over the next five to 10 years. The agreement announced […]
Platform Alliance Trust Savings continues to be affected by staff departures as three senior executives are understood to have left the business. Money Marketing understands commercial director Ed Carey and customer services director Gordon Murray have recently resigned from their posts. According to LinkedIn, Carey joined ATS in 2016 as sales director before taking on the commercial […]