News
People Moves | news 15 Sep 16
PEOPLE MOVES: Orbis Access, Ascentric, LGIM
Orbis Access hires Old Mutual International’s Marcel Bradshaw to head up its UK retail division, while the Ascentric platform appoints Simon Gully to a newly appointed role. LGIM lures its new head of head of DC solutions from JPM Asset Management, while ex-Baring chief investment officer Ken Lambden is hired as part of a senior management shake-up.
Best Practice | news 15 Sep 16
Industry changing rules on UAE funds get official green light
New mutual fund charges and regulations that could have a dramatic effect on the number of funds offered on international platforms and within life insurance wrappers have become law in the United Arab Emirates.
Investment | news 15 Sep 16
Pimco rolls out US IG corporate bond fund
PIMCO has launched the PIMCO Global Investor Series US Investment Grade Corporate Bond Fund.
Australia scraps A$500k lifetime superannuation cap
The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime cap curbing the amount people can save into their pensions.
Best Practice | news 15 Sep 16
The world will ban commission within five years, says JPMAM
Regulation is moving at such a fast pace that within five years all financial services markets around the world will ban commission and implement an RDR-like regime, Jasper Berens, head of UK funds at JPM Asset Management has predicted.