Jersey is introducing an unregulated funds category in a bid to encourage hedge fund managers to domicile their funds on the island.
Scottish Life has launched an income release plan that allows clients the freedom to access their pension fund before retirement.The plan provides a traditional income drawdown facility but also allows customers to withdraw tax-free lump sums without the need to take income and then continue to save for retirement.Illustrations for the new product will be […]
Aifa has appointed Tracy Elwick as its new director of public relations and marketing.Elwick was previously group marketing manager for Pet Protect Limited, part of Domestic and General, and has also acted as a consultant for a number of Government departments.Elwick replaces Tracey Mullins, who left the trade body to move to Dubai, and will […]
The FSA’s Individual Capital Adequacy Standards briefing shows UK insurers are well placed to tackle the challenge of Solvency II according to the Association of British Insurers.ABI director of financial regulation and taxation Peter Vipond says the FSA’s Insurance Sector Briefing ‘ICAS – Lessons learned and looking ahead to Solvency II’ will help insurers prepare […]
BBC programme Panorama will report on research which has found that seven out of ten homes repossessed in recent months were owned by sub-prime mortgage borrowers.Research shows that sub-prime borrowers equate for more than 70 per cent of 7,000 homes repossessed in the last three months.Panorama, which features tonight at 8.30pm on BBC 1, will […]
Last year proved to be a busy time for Johnson Fleming’s events team. In addition to attending and hosting events across the country, the company orchestrated a series of webinars that took place throughout the year.
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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 […]