UK - Analysts hit out at the Financial Services Authority for insisting that research must be completely independent.
ABN Amro said FSA plans to ban analysts from marketing new issues to investors would “shut off a vital source of capital for companies”.
Global head of research Mark Brown said the current integrated brokerage and research model was part of the “invisible hand” that kept the market functioning efficiently.
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.