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Autif names new director general

Autif is appointing Richard Saunders as director general, replacing Philip Warland. Saunders will take up the post on May 1.

Current director of legal and fiscal affairs Sheila Nicoll is promoted to the new post of deputy director general. Nicoll will also be acting director general until Saunders takes up the post.

Saunders has been recruited from outside the investment industry. He has spent most of his career in the civil service, most notably as press secretary to Lord Lamont when he was Chancellor of the Exchequer.

Saunders succeeds Philip Warland, who leaves after 10 years to take up a post as a senior consultant at PriceWaterhouseCooper.


Chase Fleming gets dynamic about Europe

CHASE FLEMING ASSET MANAGEMENT FF-European Dynamic Fund Type: Sicav. Aim: Growth by investing in European stocks. Minimum investment: Lump sum £2,000, monthly £50. Place of registration: Luxemburg. Investment split: UK 21 per cent, Austria 0.5 per cent, Belgium 1.5 per cent, Denmark 3.4 per cent, Eire 1.1 per cent, Finland 2.7 per cent, France 19.2 […]

Offshore security

Neville James has introduced the secure capital growth fund, an offshore Oeic that invests in traded endowment policies (Teps) and zero-dividend preference shares. Looking at how the fund fits into the market, Ball is enthusiastic. He says: “It is excellent for the risk-averse investor looking for capital growth with minimal downside risk.” Bulgin says: “This […]

Consumer&#39s View

Last week, National Savings published figures showing that sales to the end of November for financial year 2000-01 were £7.9bn, with a total invested of £63bn – a 20 per cent rise on 1994-95. No doubt, National Savings officials are pleased with themselves. But while Government regulators quite rightly castigate financial institutions such as the […]

Misys profits boosted by IFA division

A good performance by Misys&#39 IFA Services contributed to revenue and profit growth for the software group. The insurance division, incorporating IFA Services, reported increased revenue and operating profit in its interim results for the six months to November 30, 2000. The revenue for the entire Misys group was up by 20 per cent on […]


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