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Barclays sacks chief executive Antony Jenkins

Barclays chief executive Antony Jenkins has been sacked from the bank after non-executive directors decided new leadership was needed. In an announcement this morning, Barclays say the change will come into effect on 17 July. Former Aviva chair John McFarlane, who became Barclays chairman in April, will take on the role of executive chairman until […]

‘Budget fails to tackle basic housing market problems’

Economists argue the raft of measures unveiled by the Chancellor in last week’s Budget will not help tackle fundamental problems in the housing market. Speaking at a Treasury select committee hearing on the Budget yesterday, three economists said the Chancellor’s measures would fail to improve the UK housing market. Last week, the Budget set out […]

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Hinckley & Rugby BS recruits ex-Coventry chief as non-exec

Hinckley & Rugby Building Society has brought in Colin Franklin as a non-executive director. Franklin, who has worked in building societies for the past 42 years, was most recently interim chief executive of Coventry Building Society before leaving the mutual in December. He was on gardening leave until mid-June. Hinckley chief executive Chris White says: […]

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Providers: UFPLS biggest admin challenge post-freedoms

Complying with HMRC’s reporting standards for new withdrawal option UFPLS is the biggest technical challenge of implementing the pension freedoms, say providers. Despite lower than expected demand for cash withdrawals, 40 per cent of 15 providers surveyed by Dunstan Thomas said uncrystallised funds pension lump sums rules were their biggest administration issue. The survey also […]

US: mid-year review and outlook

By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]

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