View more on these topics

Alliance Trust Savings hires COO and intermediary sales head

patrick-mill

Alliance Trust Savings has appointed a new COO and head of intermediary sales to its business.

Allison Fower will lead the platform’s operations, change and IT and proposition functions. She joins from the Prudential Assurance Company, where she was platform and proposition consultant.

Former Axa Life Invest UK sales director Lee Badger will join as head of intermediary sales and work alongside commercial director, Ed Carey. Previous roles include sales development manager at Aegon UK and regional sales manager at The Hartford.

Alliance Trust Savings chief executive Patrick Mill says: “We have achieved a huge amount over the last year: creating an independent board for Alliance Trust Savings, establishing our own executive team, completing the acquisition of Stocktrade and returning to profitability.

“These two senior appointments will help us continue to build on this momentum as we work to develop our services in 2017 and beyond. I am delighted that Allison will be joining my executive team in the newly-created COO role.

“Allison and Lee are key additions to the team and will be crucial in delivering on our ambitious plans to grow assets under administration and cement our position as a leading platform for direct and advised clients.”

In December, Alliance Trust sold its investment management business to Liontrust for £30m but retained the ATS business, which employs more than 200 people in Dundee and Edinburgh.

The platform will start overhauling fees for its direct and advised businesses from February 2017, including increasing its “inclusive” account charges for the first time since 2014.

From 1 February, Isa and investment dealing account charges will increase to £225 from £150 per year – a 50 per cent increase.

Recommended

TMO appoints mortgage packaging director

The Mortgage Operation has appointed Jon Haynes as director of mortgage packaging. He will oversee all aspects of the first and second charge packaging processes, from initial enquiry stage to the completion of the mortgage or loan. Haynes worked for TMO for the past eight years and his roles have included head of the new […]

CML reveals record lending figures for March

Gross mortgage lending in March was the highest on record, according to the Council of Mortgage Lenders. It reached 28.3bn – an increase of 26 per cent on the previous month and is 34 per cent higher than the 21.2bn lent in March 2005. The CML says lending has been unseasonally strong throughout the winter, […]

SWIP appoints new head of Nordic

Scottish Widows Investment Partnership has appointed Andre Andrzejsson as head of Nordic where he will be responsible for expanding SWIP’s business in the region, with a focus on the institutional market.Andrzejsson joins SWIP from CDK Group where he was sales and marketing director.He will be based in SWIP’s London office and will report to SWIP […]

Cash-Money-Currency-GBP-Pounds-700.jpg

Experts urge FCA to go further on pension fund transaction cost disclosure

Experts have welcomed the FCA’s attempts to force asset managers to disclose transaction costs to pension schemes that invest in their funds, but have urged the regulator to conduct further work on transparency to customers and nuances in fund arrangements. The regulator began consulting in October on plans to to “place a duty on asset […]

Pension-pot-700.jpg

Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment