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Tenet awarded J05 accreditation

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.

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Cazenove points to risk success of its diversity strategy

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, […]

CML urges Govt to resist making further cuts to ISMI

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 […]

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Nucleus in £15m cash call

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 […]

L&G hires ex-Standard chief Geoff Towers

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 […]

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