Bank of Japan’s new weapon in inflation fight gets mixed reception
With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.
Royal London
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November cut on the cards after BoE holds rates
Economists expect another rate cut will materialise in November after the Bank of England’s Monetary Policy Committee (MPC) unanimously voted to hold rates at 0.25% on Thursday.
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Fed worries will not stop steady global expansion – RLAM
The sell-off over concerns that the Federal Reserve may raise rates on 21 September could develop into a good buying opportunity if economic growth persists, according to Trevor Greetham, head of multi asset at Royal London Asset Management.
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Would-be pension savers squeezed by other financial demands
Fewer than a fifth (17%) of UK advisers think that clients who feel squeezed keeping up with bills and repayments would put any extra money towards their pension savings, research from Royal London has found.
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PEOPLE MOVES: Schroders, Royal London, Fidelity Int’l
Schroders has created a global head of strategy role, while Royal London has appointed a managing director of its Ireland business. Fidelity International is bidding adieu to a veteran portfolio manager, with Indosuez naming a new chief executive.
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Royal London posts strong growth as advisers help sales
Royal London, the UK’s largest mutual life, pensions and investment company, has posted strong growth in its pension and protection business driven in large part by sales to customers introduced by financial advisers.
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PEOPLE MOVES: Schroders, Old Mutual, Royal London
Schroders has appointed a head of investment trusts for its UK intermediary business, while three non-executive directors at Old Mutual Wealth are to step down. Royal London Asset Management has added four to its global high yield team.
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The UK property downsizing pension delusion
Up to three million people of working age in the UK who plan to use the value of their home to fund their retirement could be headed for a shock, says Royal London.
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Watch for sterling swings and recovery in commodities – RLAM
With the Fed keeping rates on hold and sterling under pressure, it is a good time to look for dips in commodities and increase exposure to emerging market equities, says Trevor Greetham, head of multi-asset at Royal London Asset Management.
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PEOPLE MOVES: RLAM, Legal & General, Mercer Jelf
Set to lose its UK Smaller Companies veteran, Royal London Asset Management has nabbed a senior fund manager from Axa Framlington as a replacement. Legal & General has appointed a Mastertrust trustee and government committee member, while Mercer Jelf has named its new head.
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Potential pitfalls of the Lifetime Isa – Royal London
To be introduced in the UK in April 2017, the Lifetime Isa (Lisa) is intended to incentivise people to save for their first home, their retirement, or both. But research published by the independent Pensions Policy Institute (PPI), sponsored by Royal London, compares the tax-free savings scheme with its international counterparts and highlights some challenges…
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ABI grasps the pensions dashboard nettle, plans prototype
The Association of British Insurers (ABI) is best placed to drive forward the delivery of a pensions dashboard, including the possible creation of a prototype, it announced on Thursday.