New Star joint chief investment officer Stephen Whittaker has become the second fund manager to confirm his participation in Skandia Investment Management’s new global best ideas fund.Whittaker, who runs New Star’s UK growth fund, will be one of 10 managers to take on mandates, joining Artemis capital fund manager Mark Tyndall who confirmed his participation last week. The 10 managers will each feed their 10 best stock ideas into the fund. Whittaker will be one of five managers concentrating on the UK while the others will draw ideas from Japan, Asia Pacific, the US, emerging markets and Europe. A Skandia spokesman confirms that all 10 managers for the venture have been chosen and FSA approval has been granted for the fund, which is expected to launch in the next two months. He says: “We have agreed a list and secured the line up so it is just a case of finalising the last details of the fund before we announce the other managers.”
Treasury officials have reportedly described the 2012 target for the state pension to be linked to earnings as an “optimistic ambition”. Cicero Consulting director Iain Anderson says next summer’s spending review and the date of Chancellor Gordon Brown’s predicted takeover as Prime Minister will be key issues.
Suffolk Life sales and mark-eting director John Moret believes the Government’s White Paper on pensions could finally lift the restrictions on protected rights. The White Paper, which says there will be a Government review of pension regulation, says restrictions on changes to accrued rights will be reassessed, potentially allowing protected rights to be held within […]
Park Row chief executive Peter Sprung has been appointed to the Royal Liver board.
The A-Day changes bring some relief for a harassed businessman
Back in May, Steve Herbert, head of benefits strategy at Jelf Employee Benefits, was involved in a Corporate Adviser magazine roundtable on the subject of pensions.
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]