Towry Law has signed a deal to provide its online financial advice system My Financial Friend to Sainsbury employees.My Financial Friend allows employees to explore individual personal finance issues using their employer’s extranet service. It works in with existing IT systems and forms part of the employer’s home page or company benefits page. Sainsbury recognises the importance of independent financial planning and believes Towry Law is well placed to deliver quality advice through its national network. J Sainsbury spokesman Geoff Pearson says: “Installing My Financial Friend via our pension website opens up access for all our employees to gain further financial information and advice, complementing the range of our existing employee benefits.” Towry Law Financial Services director Alistair Gregory-Smith says: “We have been focusing our attention on growing Towry Law’s business-to-business operation within the employee benefits market for companies ranging in size from SMEs to the FTSE 100.”
Half of pension providers are worried that they are ill-prepared for A-Day and say preparing for pension simplification is harder than Y2K.
With combined sales of UBS’s absolute return bond fund, and DWS’s Ratebuster product topping £90m in their offer periods, the industry has been reflecting on whether these apparently safe products can deliver on their promises. Hargreaves Lansdown investment manager Ben Yearsley says the most important thing with new products is that they have good investment […]
Close Asset Management has appointed SG Asset Management’s Rufus Warner as chief executive officer of Close Finsbury Asset Management.
Destini is sponsoring Embassy Racing, a team competing in the 2005 SRO British GT series championship. Not only does this give the sales team an opportunity to mix with the pit lane love-lies but it also means that the Destini logo will be emblazoned across the new Embassy Porsche for the rest of 2005. Destini […]
The head of Artemis’ US team explains why he is holding cyclical stocks (like semi-conductors) while also investing in growth (videogame producers, Amazon).
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]