An EGM vote seeking to remove ex-Chancellor Ken Clarke as chairman and director of Savoy Asset Management was defeated.
This week by Daily Telegraph investment columnist Tom StevensonIt seemed like a good idea at the time – going freelance. No more dreary Sundays in the office struggling to follow up someone else’s story or sitting around just being there when your work was long done – the curse of presenteeism.
The FSA has updated its guidance to employers operating stakeholder or group per- sonal pensions in light of rec-ent legislative changes. The guide explains to emp-loyers what they can do to help their staff understand the pension scheme they are offering. Employers which meet certain conditions set out in the guide are now able to […]
Furness Building Society is launching into the non-conforming mortgage market with a distribution agreement with Mortgages plc. Furness will market the entire Mortgages plc product range to intermediaries using jointly branded marketing and promotional material. A specialist team has also been set up within the Furness Direct operation.
Framlington is looking to raise 35m with the launch of its second Aim VCT. Brian Watson, who runs the firm’s first Aim VCT, which raised 24.6m in 2004/05 after being launched last December, will be lead manager. Watson will be supported by the UK team, which inclu- des Roger Whiteoak, Nigel Thomas, Richard Peirson and […]
By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £153m between July and September this year — their highest level […]