Royal London
Retirement | 11 Jan 17
Guaranteed retirement income products may not be worth it
Retirement income products with guarantees, offered by many life companies in the UK as an alternative to the old fashioned annuity, do not offer value for money in most cases, according to a study by Milliman, an international consultancy group.
PEOPLE MOVES: Deutsche Bank, RLAM, J. Safra Sarasin
After Deutsche Bank’s head of anti-financial crime stepped down just six months into the job, the German bank has named his replacement. RLAM has created a global equity team by poaching three staff from Waverton IM, while J. Safra Sarasin has a new managing director for client advisory in Hong Kong.
United Kingdom | 3 Jan 17
Steve Webb knighted in New Year’s honours list
Former UK pensions minister Steve Webb has been awarded a knighthood for political and public service in the Queen’s New Year honours list.
People Moves | 8 Nov 16
PEOPLE MOVES: Andy Robinson, MetLife, Lombard Odier
Today’s people moves column boasts an embarrassment of riches as the industry seems to be getting its house in order before the Christmas break. Former Zurich man Andy Robinson has resurfaced, while MetLife has named a chief executive in Hong Kong. Lombard Odier’s new chief operating officer has left the world of haute couture to delve into financial marketing.
Royal London AM reports jump in managed assets
UK investment house Royal London Asset Management (RLAM) has announced that total funds under management by the group has exceeded £100bn for the first time.