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BNY Mellon receives AIFMD authorisation from the UK Financial Conduct Authority

BNY Mellon, a global leader in investment management and investment services, has confirmed it has received formal approval from the UK’s Financial Conduct Authority (FCA) to provide trustee and depositary services to alternative investment funds (AIFs) under the Alternative Investment Fund Manager Directive (AIFMD). Following the approval by the FCA of its Variation of Permissions […]

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Eric Moore and Gervais Williams to manage the PSigma Income Fund as Bill Mott announces plan to retire at the end of 2014

Miton has announced that fund manager Bill Mott is to retire from the group and the fund management industry. Current co-manager, Eric Moore will become the lead fund manager on the PSigma Income Fund alongside co-manager Gervais Williams. Bill, who co-manages the PSigma Income Fund together with Eric Moore and Gervais Williams, will step down […]

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Ian Pittaway elected chairman of the APPT

Ian Pittaway, senior partner of Sacker & Partners LLP, was elected as chairman of the Association of Professional Pension Trustees (APPT) at its AGM on Tuesday, 15 July 2014. The APPT is a membership body which promotes the role of professional trustees and encourages best practice.  In addition to Ian, the Council members of the […]

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TT Club Supports Supply Chain Learning Initiative

The TT Club, the leading international transport, freight and logistics insurance provider, has announced its support for a unique learning initiative – Business on the Move. The educational tool takes the form of a board game which is designed to be played at varying levels of complexity. Consequently, it is suitable for primary and secondary school […]

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Sackers promotes five lawyers

Sackers, the UK’s leading commercial law firm for pension scheme trustees and employers, has promoted Ralph McClelland to associate director and Anna Copestake, Tom Jackman, Ferdinand Lovett and James Bingham to senior associate. The promotions take effect on 1 August 2014. Ralph McClelland is a senior pensions lawyer who advises trustee, employer and provider clients […]

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Walker Crips expands team with two new hires from Barclays Wealth

Walker Crips expands team with two new hires from Barclays Wealth Walker Crips, the integrated Investment and Wealth Management group, has strengthened its investment arm with the hire of Steven Moss and Mark Entwistle as Stockbrokers. Steven was previously at Barclays and has more than 20 years financial services experience. He began his career in […]

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Scottish productivity lags 11% behind UK – Research from Durham University Business School

Professor Richard Harris, Professor in Economics and Head of Department of Economics, Finance & Accounting, Durham University Business School has found that Scotland’s productivity has lagged, on average, by 11% behind the ‘rest of the UK’ since the end of the 90s (a full 22% behind the UK’s leading region.) The findings argue that the 0.3% above […]

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DFMs and advisers need a clear mandate – Thomas Miller comment

Matt Lonsdale, head of intermediary business development, Thomas Miller Investment, says: “Investment portfolios should be created in answer to the most important question to be asked of any investor, ‘what do you need the money to do?’ “The DFM and adviser industry is still struggling to break away from using terms such as ‘balanced’. Instead […]

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The Adviser Centre attracts over 200 IFA firms following launch

Over 200 IFA firms have registered with The Adviser Centre, the free-to-air online fund research and consultancy service offered by independent fund manager City Financial, since launch in May 2014.  So far, over 20 fund management groups have offered to support the service. The service is designed to support advisers with their investment propositions and […]

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Woodford Investment Management appoints head of corporate social responsibility

Woodford Investment Management (WIM), the newly created asset management company, has appointed Jonathan Smith as head of corporate social responsibility. Mr Smith has been a director of a number of smaller organisations, most particularly in the marketing communications and social care sectors. He is closely involved with Business in the Community and in 2012 was […]

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