Pensions advice firm launches

Pensions advice firm launches

A former fixed-income fund manager has set up a new financial advisory firm in London.

Called City Noble, the firm has been founded by Alexandra Noble, its managing director, who has worked as an international fixed-income fund manager for more than 30 years.

It will focus on providing independent pensions and investment advice, and look towards the corporate space for clients.

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Ms Noble, who cut her teeth at Gartmore in the 1970s, said: “We want to ensure that trustees and other institutional investors make better decisions for the members.

“There is a great need for independent advice on investment strategies in a sector where consultants are increasingly conflicted.

“Employers need truly independent insight that is not constrained by house views, themselves a product of the solutions consultants wish to sell.”

The firm is employee-owned and its seven founding directors already advise clients with more than £80bn under management.

Among the founding directors are Eamonn O’Connor, who has held a number of board positions at Gissings and SBJ Benefit Consultants; Ian Maybury, a member of the investment committee at Universities Superannuation Scheme, Citigroup, The Mineworkers’ Pension Scheme and RNIB; and Paul Craven, a former managing director at Goldman Sachs Asset Management.

Ms Noble said: “The insight we can provide from an impartial and genuinely independent viewpoint allows us to add value to the process.

“Our aim at City Noble is to offer a level of client care, objectivity and independent thinking increasingly lacking in the sector.”

Adviser view

Tom Binstead, director of employee benefits at Gloucestershire-based Bank House Corporate, said: “I do not think there are enough advisers out there who advise on a corporate level, and it does take specific expertise.

“The more people providing advice, the better.”