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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A Centre for Policy Studies report claims former deputy primer minister Nick Clegg’s insistence on the state pension triple lock policy was a driver in increasing intergenerational unfairness. The report says that, since 2010, welfare spending on pensioners has increased by 10 per cent in real terms but is down by 5 per cent for […]
Employers should follow the lead of a Stoke-on-Trent pottery business that brings an IFA into their business on a regular basis as part of their HR offering, pension and financial inclusion minister Guy Opperman says. Speaking at the Pensions and Lifetime Savings Association conference yesterday, Opperman said Stoke-based Steelite, whose premises he had visited, should […]
Race for talent hots up but top planners are still at a premium