In the wake of BT slashing more than 10,000 jobs, it has announced plans to boost its pension scheme.
Justice Secretary Jack Straw has called for the Government to review the implications of a High Court ruling this week that affirmed a mortgage lender’s right to put a property up for sale without a court order. The ruling by Mr Justice Briggs was in a case brought after GMAC-RFC appointed a receiver to auction a buy-to-let property when the borrower went into arrears.
Money Portal has chosen Seven Investment Management as its recommended provider for discretionary management.
The IFA sector is likely to be hit by another round of consolidation next year as 16 per cent of IFA directors will exceed retirement age, according to Plimsoll.
Matt Shafer, head of international distribution at Natixis Global Asset Management, tells Ignites Europe how he sees distribution changing in different European markets. Read the full article here:
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]