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ABN hits back at breach of contract allegations

ABN Amro has rejected allegations that it made star managers George Luckraft and Nigel Thomas&#39 positions untenable, saying it did not cause any breach of contract.

Global chief executive Tom Cross-Brown says he “unreservedly” rejects the two managers&#39 allegations that ABN had breached the managers&#39 contracts, which he believes remain in force.

He says ABN will “do everything” to protect the interests of its clients and will continue to seek pedigree replacements to satisfy both investors and intermediaries.

ABN has also announced the interim replacements for Luckraft and Thomas. James Cotton takes over the UK growth and UK select opportunities funds, Adam Gray the equity income fund and Dan James and Gray the high income fund.


Cazenove offers multi-manager portfolio service

Cazenove Investment Fund Management has introduced a portfolio management service that provides access to four multi-manager funds of funds.The Cazenove universal portfolio management service contains the Cazenove universal UK growth portfolio, Cazenove universal balanced portfolio, Cazenove universal growth portfolio and Cazenove universal international portfolio (ex UK) funds.When selecting funds for each portfolio, the fund management […]

Appraise you like I should

In my last few articles, I have started to discuss the stages involved in giving investment planning advice on a target benefit basis. In particular, I am attempting to highlight the following throughout this series of articles:•The assumptions which have to be made in this process.•The way in which the assumptions should be determined.•The need […]

Norwich Union looks to a sure future

When asked to pick out the main useful features and strong points of the product, Pack says: “Norwich Union is the largest UK insurer, together with Age Concern 750,000 clients are a formidable force.”Spencer likes the option to pay either a single or regular premium, as well as the choice of benefit levels. He also […]

A stirling performance

Watch out Schumacher, Gary Heath is back on the track and he won&#39t be letting anybody pass at the chequered flag.Impartial Group chairman Heath has made his return to motor racing after a 30-year lay-off, entering the Ginetta Cup in his Ginetta G20 car.Heath drove the 1,800cc car around the course at Pembury in Wales […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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