News

UK pension schemes and consultants have expressed serious concerns about European plans to implement Solvency II-style rules across the EU.

Lawrence Churchill, the current chairman of the National Employment Savings Trust (NEST), is to be the next chairman of the Financial Services Compensation Scheme (FSCS).

Fund launches reached a decade low last year as groups held back new products in the face of market volatility.

The global absolute return sector will need to re-assess its offerings, according to Kevin McConnell, Head of the team that manages the Dublin-domiciled Bloxham Midas Global Absolute Return Fund, which is shortly to launch a sterling share class.

Parmenion has linked up with investment management firm Arjent to offer advisers a platform-driven discretionary management solution.

The government's public sector pension reforms are causing public servants to put their divorce proceedings on hold as they wait for clarity on payouts, a consultant has said.

The Dubai Financial Services Authority (DFSA) is alerting the financial services community and members of the public to two fraudulent websites - www.difc-ib.com/ae/ and www.difcbk.com.

Officials in Shanghai are delaying the introduction of rules permitting expats living in the country to pay into its social security and pension system due to fear of upsetting investors.

The long-awaited flotation of wealth manager Towry has been delayed by poor economic conditions, according to reports.

Wrap platforms could see their business models "severely challenged" in 2012 as the proposed ban on platform rebates takes centre stage, said Skandia.