Best Practice | 20 Jun 17
Fearful advisers face ‘information vacuum’ on pension transfers
Nearly all financial advisers disagree with the UK regulator’s pension transfer value analysis assumptions and are having to deal with an “information vacuum” from the UK regulator, according to veteran retirement expert Mike Morrison.
Macro Views | 20 Jun 17
Sterling plummets on Carney rate hike rejection
Sterling fell on Tuesday morning in reaction to Mark Carney’s claim that “now is not yet the time” to hike interest rates in the UK.
People Moves | 20 Jun 17
Jersey’s finance minister out as chief minister clings on
Jersey’s assistant chief minister Philip Ozouf has been ousted, having only returned to the political fold on 26 May after he resigned in January, with chief minister Ian Gorst maintaining his slim grip on power following calls for a vote of no confidence.
PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec AM
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
Indonesia’s tax amnesty boosts bond appeal
Indonesia’s tax amnesty brought in revenue, which lowered the fiscal deficit and enhanced the appeal of government bonds, says Allianz Global Investor’s David Tan.