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FCA fines investment company over inside information breach

The FCA has fined an AIM-listed investment company £70,000 for failing to inform the market of inside information regarding the compulsory acquisition of one of its holdings. Biogas company Eggersmann Gruppe acquired Tejoori’s entire shareholding of Bekon on 10 August 2016 and informed the market the following day. However, that market update did not mention […]

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Old Mutual Wealth poaches Jeremy Mugridge from Aegon for platform hire

Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]

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Asset managers fail to promote women despite performance

Women in the US fund management industry fail to get promoted at the same rate as their male counterparts regardless of performance, according to new academic research from the University of California. Researchers at the Graduate School of Management at Davis chose fund management to assess the role gender plays in workplace promotions because of […]

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Auto-enrolment to include teenagers under new plans

The Government will lower the age at which people will be auto-enrolled into a workplace pension from 22 to 18 as part of the 2017 review into auto-enrolment. The proposal, due to take effect from the mid-2020s, is part of a package of measures the government wants to introduce to improve the coverage of workplace […]

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