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Threadneedle names Ann Steele as pan European fund manager

Threadneedle has named Ann Steele as manager of its £102m pan European fund following the departure of Rob Jones, who is heading to Union Bancaire Privée.

Steele joined the group in 2009 from Pictet where she was head of European equities.

The group has also confirmed that Dan Ison, head of the pan European equities team, has taken over the other two funds that were managed by Jones.

These are the £12m Threadneedle pan European equity dividend fund and the institutional RiverSource European equity fund.

Jones is set to launch a new European equities desk at Swiss financial services group UBP when he arrives there in November.



Northern Rock launches intermediary-designed mortgage

Northern Rock will tomorrow launch a new product designed and chosen by its intermediary partners. In June, the lender ran a ‘design your own mortgage’ campaign, open exclusively to intermediaries, to design new mortgage products and vote on the concepts created by their peers. The lender has now launched the winning mortgage, as voted by […]

IoD makes plea for auto-enrol exemption for small companies

The Institute of Directors has warned that the current plans for implementing auto-enrolment are too tough and is calling for firms with fewer than five employees to be exempt. It says it supports the principle of auto-enrolment but the design of the proposals is “complex and impractical in a number of respects and will be […]


Projection rates are pension nightmare

The projection rates that pension providers are now using for cash and fixed-interest funds vary by as much as 1.5 per cent, making it a “nightmare” for advisers to compare products, according to O&M Systems. The firm has hit out at the FSA for failing to produce guidance on acceptable projection rates after clamping down […]


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