Christine Dawson

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Rathbones loses sixth director to Close Bros in 18 months

Close Brothers Asset Management has hired its sixth director from Rathbones in 18 months, appointing investment director Andrew Hess to manage its bespoke service for high net worth clients. Hess (pictured) was at Rathbones for 18 years before becoming a managing director to CBAM’s bespoke investment management service. He has worked over 30 years in […]

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Orphan client accumulator meets high demand with new hire

London-based Onvestor, the appointed representative of IFA Basi & Basi, has appointed account manager Darren Fletcher to meet what the company describes as ‘unprecedented’ demand. Onvestor provides a restricted advice service via Skype for clients not considered viable for ongoing advice from an IFA. Fletcher has over eight years’ experience in financial services. He previously […]

Outgoing FCA chair to head up debt charity

John Griffith-Jones, former chair of the FCA, has become chair of Step Change Debt Charity. Griffith-Jones (pictured) was chair of the regulator and its subsidiary the Payment Systems Regulator between 2013 and 2018 and has also been chief executive, chairman and senior partner of KPMG. He replaces Sir Hector Sants who left Step Change Debt […]

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Raids and arrests in suspected £18m pension fraud case

The Pensions Regulator has opened an investigation into a case of suspected pension fraud worth £18m. The regulator believes some 370 people have been scammed into moving their savings into eight supposedly illegitimate pension schemes. In a joint operation between TPR and Essex Police two residential addresses in Essex were searched last week. A business […]

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SJP snaps up Reigate protection advice firm

St James’s Place has acquired the Reigate protection advice firm Future Proof. Future Proof, now part of SJP Group, provides specialist advice on income protection insurance, critical illness and live insurance in both personal and business markets and has arranged over £800 million worth of cover for clients since 2011 when it was established. SJP […]

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Royal London chief Loney to step down

Royal London chief executive Phil Loney is stepping down at the end of 2019 and the new chairman, Kevin Parry, will lead the search for his successor. Parry’s appointment and Loney’s departure were both announced this morning. Parry, will leave his current non-executive director position at Standard Life Aberdeen at the end of December and […]

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CISI in drive to promote Islamic finance qualification

Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]

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Consumers unaware of FSCS pension protection

Less than one in twenty consumers are aware their pension is 100 per cent protected by the Financial Services Compensation Scheme if directly managed under a life insurance contract, research has found. The FSCS consumer survey by Populus also found 49 per cent of respondents do not think FSCS protection applied to pension products. The lifeboat scheme […]

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Pension transfer values drop in November

Pension transfer values fell by 2 per cent in November, according to consultancy XPS Pensions Group. At the end of October 2018 the group’s transfer value index was £235,000 and at the end of November it was £230,000. The index tracks the transfer value that would be provided by an example defined benefit pension scheme […]