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.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
Five overlooked government credits and allowances advisers should look out for