Standard Life has set up a new internal operational board to consider both cross-selling and cost-cutting opportunities across its UK retail divisions. Headed up by life and pensions chief executive Trevor Matthews, it will bring together the heads of Standards healthcare, investments and bank divisions.
Skandia has launched an asset allocation wheel to help demonstrate asset allocation to their clients.The wheel is a handheld tool designed to complement Skandia’s online risk profiling tool, USelect. By turning the wheel to the required risk and time horizon profile the adviser can demonstrate the ideal asset allocation mix.
Clerical Medical is urging trustees of occupational pension schemes to review their scheme arrangements with their advisers in light of A-Day. The firm is writing to trustees over the next few weeks out- lining the changes affecting them and scheme members. Trustees will also get a copy of Clerical’s pension news- letter available for use […]
Money Marketing is the best-read trade paper among financial advisers and is the title of choice for more than twice as many intermediaries as its nearest rival. Asked which weekly trade publication they would read if they could only choose one, 47 per cent of advisers chose Money Marketing compared with 22 per cent choosing […]
This month’s Money Marketing Live will once again provide intermediaries with access to the leading experts from the investment fund management industry. Taking place at the G-Mex in Manchester on September 27, the Fund Strategy arena will bring together an unprecedented number of presentations, workshops and seminars.
James Dowey, Chief economist & CIO In these very early stages following the “Leave” win any prognosis is by its nature highly tentative. It will be weeks before we are able to measure the acute impact of the result on the UK economy, and there are clearly no close historical parallels on which to base […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]