The universally acknowledged poor decision by UK prime minister Theresa May to call a snap election and then alienate her core voting base, resulting in a hung parliament, initially dented sterling by around 2% but has had little real impact on the stock market.
What looked like a sure thing when UK prime minister Theresa May called the snap election back in mid-April has turned somewhat muddy. Aegon pensions director Steven Cameron has taken a look at what the parties’ manifestos mean for pensions.
Manulife’s president and chief executive is to retire, while Aegon has appointed a policy affairs heavy hitter to oversee the company’s government relations in Europe, the Americas and Asia. L&G has a new head of strategic business for its pension risk transfer division.
A new poll from Aegon UK highlights that a significant portion of UK advisers are riding on UK equities to provide the best return for clients ahead of the snap election.
There has been little buzz around the last-ever Spring Budget taking place on 8 March, ahead of triggering Article 50. International Adviser has pulled together views from the industry about what it expects or would like to see addressed when the chancellor takes to the despatch box.
The UK government’s consultation on tackling pension scams received mixed responses, as it acknowledged that the pension freedoms may have contributed to the rise in scams.
Aegon announces the departure of its UK platform czar following its buyout of Cofunds as Alliance Trust Savings hires an ex-Prudential consultant to the newly-created role of chief operating officer. Zedra appoints a new head of its London office, while on a more tragic note Columbia Threadneedle confirms the death of global equities manager Stephen…
Dutch-headquartered insurer Aegon has moved a step closer to transforming itself from a traditional life company to a “fully-fledged platform business”, after officially completing the purchase of the Cofunds UK platform.
The chief executive of Aegon Central & Eastern Europe is to retire in 2017, with the Dutch insurer announcing additional senior leadership changes. First Names Group has a new managing director of its Singapore business, while Amundi has appointed a deputy director to oversee the merger with Pioneer Investments.
Standard Chartered’s Asean and south Asia chief executive has stepped down with immediate effect. Friends Provident International has appointed a regional sales director for Singapore, while Aviva has hired a tech industry heavy hitter for a new communications role.
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
Net fund flows via UK platforms fell to £8.6bn ($10.7bn, €10bn) in the third quarter of this year, the lowest level since RDR was introduced in Q1 2013, according to the latest Fundscape Platform Report.
