The PI thorn in the side of DB pension transfer firms
Professional indemnity (PI) insurers are doing more than the Financial Conduct Authority to make the lives of IFAs providing defined benefit (DB) pension transfer advice difficult.
Buxton denies shift from fixed income in OMGI spin out
Old Mutual Global Investors CEO Richard Buxton has denied staff exits, lacklustre performance and pressure to cut costs ahead of the single strategy spinout signal a shift in focus away from fixed income when the firm launches mid-year.
Brewin breaks with DFMs to defend ‘agent as client’
Brewin Dolphin is one of the few discretionary fund managers to put its head above the parapet and defend its use of the agent as client relationship with advisers, which has recently come under fire.
Chris St John scrutinised as he takes on larger fund
Investors and fund ratings agencies are eyeing Chris St John to determine his ability to run a £3bn fund after delivering top-quartile performance on his much smaller mid-cap fund.
Investors divided on oil after Trump walks from Iran deal
Donald Trump’s decision to walk away from the Iran nuclear agreement has left investors pondering the short-term prospects for the recovering oil and gas sector.
Asset managers accused of grandstanding on Persimmon pay
Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.
Why professionals aren’t jumping on the robotic ETFs trend
Robotic and artificial intelligence funds have caught headlines with promises to deliver profit as robots take over the world, but professional investors hold mixed views on their role in a diversified portfolio.