US - BNY ESI & Co, a separate brokerage subsidiary of the Bank of New York, has appointed Stephen Volk as senior vice president of institutional sales.
With more than 10 years of institutional sales experience Volk is responsible for selling trade execution and commission management products to institutional money managers in the North East as well as other regions across the country.
Before joining BNY ESI, Volk was vice president of regional sales for brokerage firm Autranet & Company, where he was responsible for regional sales areas and developed various directed business strategies for money managers of institutional clientele. Prior to Autranet, he was vice president of sales and marketing for broker/dealer UST Securities.
By Madhu Kalia
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.