ABI

The IMA has criticised the Association of British Insurers' (ABI) proposed changes to its Managed sectors, arguing the suggested names are "opaque" and inconsistent with RDR and TCF principles.

Non-executive director at Hargreaves Lansdown Jonathan Davis will join the ABI as director of investment affairs in the new year.

Legal & General (L&G) group chief executive Tim Breedon will take over as chairman of the ABI in July.

The AIFM directive was drafted by the EU in response to what it saw as an absence of common regulatory standards for non-Ucits investment vehicles and there are six key issues that specifically affect the UK-listed closed-ended fund sector.

Architas manager Caspar Rock explains the key considerations of strategic bond investing

The ABI will create a new investment sector called Deposit & Treasury, which will carry stricter limits than the existing money market category.

The Options Campaign, launched in October 2008, aims to improve turnaround times and standardise the annuity transfer process with an electronic system. So far 15 providers, accounting for more than 90% of annuity business, have signed up to the scheme...

Archie Kane, chief executive of Scottish Widows, has replaced Keith Satchell as chairman of the ABI....