News

M&G's Jim Leaviss will see his Corporate Bond fund swell to nearly £5bn as part of a series of mergers being carried out by parent Prudential.

The National Employment Savings Trust (NEST) is heading for a capacity "car crash" as under-prepared employers cause a last minute stampede for auto-enrolment products, warned Hymans Robertson.

Rathbones is preparing to add a third fund to its multi-asset range, to be run by investment director David Coombs.

Policyholder protection will be at the heart of the Prudential Regulation Authority's (PRA) post-2012 supervision of insurance companies, a joint FSA and Bank of England paper outlines today.

GLOBAL EMERGING MARKETS

HSBC Workplace Retirement Services (WRS) has launched an online portal allowing secure access for members, employers and advisers.

The 8.1% increase in house prices in the first half of 2011 will largely reverse in the next six months, as oversupply of property runs up against lack of funding, according to Rightmove.

Around 20% of women aged 50 to 53 believe they will receive their state pension at 60, although their actual state pension age (SPA) is 65 and may be changed to 66.

Advisers need to consider the "hugely significant issue" of service standards when undertaking what can be an arduous platform due diligence process, according to Defaqto.

Skandia International urges IFAs to consider the financial security of offshore firms they deal with.