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A&L group managing director resigns

Alliance & Leicester group managing director Peter McNamara has resigned after 15 months following a restructuring of the bank’s executive directors. Executive chairman John Windeler is expected to stay in his existing role, while group finance director Richard Pym will step to managing director, retail banking.

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&#39Employers should advise staff&#39- KPMG

Accountancy firm KPMG is calling for the relaxation of rules for employers offering financial advice to staff. It believes technology tools would help choose financial products.It is also asking for incentives to encourage employers and staff to take up stakeholder pension schemes.

Unwanted Friends

Laurie Dean&#39s client (Money Marketing, September 20) is certainly not alone in being subjected to a plague of invitations to Friends Provident IHT planning (that is, buy a bond) seminars.I have just received the latest of many. Every time this happens, I call them and suggest that reneging on their no cross-selling vows to the […]

SG Life & Pensions starts offshore

SG LIFE & PENSIONS SG LIFE INTERNATIONAL BONDType: Traditional offshore bond.Aim: Growth by investing in a choice of three risk-graded portfolios,cautious, balanced, aggressive or a self-select option with a choiceof 94 unit trusts, Oeics, managed bond funds and investmenttrusts.Minimum investment: £50,000.Place of registration: Guernsey.Investment split: Choice of three risk graded portfolios, cautious,balanced, aggressive or a […]

The lost resort

As the Liberal Democrats assembled for their annual love-in last week in Bournemouth, international events proved much more important than slating the Tories for once and delegates adopted an appropriately serious tone throughout the week.Security was noticeably heightened, with ladies in bright yellow shirts searching people&#39s bags.The scheduled events were thrown into disarray as an […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]

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