Tenet has been awarded prior learning accreditation with the Chartered Insurance Institute. The move means that the firm can develop, administer and mark the JO5 exam module.
Cazenove says the risk-adjusted returns of its multi-manager diversity fund over the past five years prove that its multi-asset strategy performs throughout an economic cycle. Risk-adjusted returns refer to the level of risk taken by the fund manager to achieve the returns. Cazenove, which is set to launch a multi-asset income fund along similar lines, […]
The Council of Mortgage Lenders has urged the Government not to make further cuts to income support for mortgage interest payments when it conducts its forthcoming spending review. A 40 per cent cut in the rate for income support to cover borrowers’ mortgage payments is due to come into effect today. The trade body is […]
Nucleus is planning a £15m rights issue to pay back the company’s debt to South African insurer Sanlam. Nucleus founder and chief executive David Ferguson (pictured) says the fundraising has been discussed informally for the last 18 months and has secured large shareholder support. It is expected to be completed by the end of this […]
Former Standard Life Savings chief executive Geoff Towers, who helped to build the company’s platform business, is to join Legal & General, Money Marketing understands. An announcement confirming the appointment is expected soon and it is understood that Towers’ role will cover marketing, platforms, and retention. Towers left Standard Life in March. His departure came […]
One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.
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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 […]