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Five minutes with…The Lang Cat’s Steve Nelson

Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]

Provident urges shareholders not to respond to takeover offer

Woodford-backed sub-prime lender Provident Financial has asked shareholders not to take action after receiving a takeover bid this morning. Fellow alternative lender Non-Standard Finance has bid £1.3bn for the struggling firm, and has secured “irrevocable undertakings” to accept the offer from shareholders accounting for at least 50 per cent of the company, including Woodford, NSF said […]

Tributes paid as Bruno Schroder passes away

Bruno Schroder, the great-grandson of Schroders founder John Henry Schroder, has passed away aged 86 following a short illness. Schroder had spent more than 50 years as a director at the wealth manager, where he first took up a role in 1960. He became a non-executive director in 1963 as his father and chairman of […]

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Garry Heath: Why adviser trade bodies still matter

Nic Cicutti’s recent article in Money Marketing saw him launch attacks on Libertatem and Pimfa.  But is he right – or is it more personal than that? Generally, I avoid reading Nic Cicutti’s contributions. I have low blood pressure and I like to keep it that way. But last week, he embarked on a personal […]

Woodford accepts offer as Provident put up for sale

Investors including Woodford Investment Management and Invesco have agreed to accept an offer for sub-prime lender Provident Financial as a £1.3bn bid for the company has been placed by a competitor. Non-Standard Finance has tabled the offer, and says investors owning more than 50 per cent of Provident’s shares have given “irrevocable undertakings” to accept it, […]

Women working in the office
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Quilter reveals mean gender bonus gap of 70%

Advice, platform and investment group Quilter has revealed its gender pay gap figures for 2018, showing a mean bonus gap of 70 per cent between male and female employees. Overall, there was slight progress in the mean pay gap, which dropped from 39 per cent to 35 per cent, and the median bonus gap, which […]