Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the RDR.
Investment Week revealed in October that the platform's sales staff were in consultation over job cuts, after Old Mutual Wealth revealed there would be 200 jobs lost across the business. The sales restructure...
What is indisputable is the issue of 'closet trackers' has long been a serious blight on the reputation of the whole active management fund industry.
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
The New Year started, as always, with a flurry of forecasts for the next 12 months. But with equity markets having one of their worst starts, a number of commentators have not had to wait as long as usual for some of their forecasts to look a touch optimistic.
To remain as consultant to firm
Ex-pensions minister sounds stern warning