View more on these topics

Allfunds Bank head Alan Gadd to step down

Allfunds Bank head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.

Gadd, who joined Allfunds Bank in 2009, will continue to act as a consultant to the London office focused on implementing the RDR. Gadd was retail business director at Morley fund management, now Aviva Investors, from 2001 until 2005. He was also managing director of retail at HSBC Global Asset Management from 1995 until 2000.

Allfunds Bank global head of distribution and deputy general manager Gianluca Renzini has assumed direct responsibility for the management of the London office and Gadd will report to him in his consultancy role.

Renzini says: “Allfunds sees the RDR as an opportunity to grow its presence in the UK region and we intend to focus additional resources in the market to enhance our proposition.”


Skandia drops JP Morgan from global equity mandate

Skandia Investment Group has handed over management of the £222m Skandia global equity fund mandate to Five Oceans Asset Management. Long-only manager Five Oceans uses various sectors and styles for diversification while aiming to significantly outperform the MSCI World Index over a rolling three to five year period. It takes a high conviction approach, focusing […]

Harsh reality

No sooner had the ink dried on last week’s announcement from Halifax that it is increasing the cap for some borrowers on its standard variable rate from 3 per cent above base rate to 3.75 per cent above base than it trumped that by increasing its SVR to 3.99 per cent. With about 850,000 customers […]


Technical changes to automatic enrolment

What with all the pensions freedoms and budget announcements of the last few weeks, you may have missed the announcement that will be of importance to all UK employers – and that is the Technical Changes to Automatic Enrolment document published last month by the DWP.


News and expert analysis straight to your inbox

Sign up

Leave a comment