View more on these topics

Bank of England appoints three new non-execs

Bradley Fried, Tim Frost and Dave Prentis have been appointed as non-executive directors of the Bank of England.

The appointments have been approved by the Queen, following recommendations from Chancellor George Osborne and Prime Minister David Cameron. The trio will begin on June 1.

Fried and Prentice will be in the role for three years while Frost’s term is for two years.

Michael Cohrs, John Stewart and Adair Turner have been reappointed as non-executive directors of the BoE.

Fried is a former chief executive of Investec and is the founder and managing partner of Grovepoint Capital. He is also a member of HM Treasury’s audit committee and a non-executive director of Investec.

Frost spent the majority of his career with JP Morgan before founding Cairn Capital, of which he is now a non-executive director. He currently holds positions as a governor at the London School of Economics and is a director and chair of the board at Markit.

Prentis is the general Secretary of Unison. He also serves on the Government’s UK Employment and Skills Commission and is currently president of Unity Trust Bank.

Turner will cease to hold his position as non-executive director of the BoE once the financial services bill reforms come into place.



Dampier: Anthony Bolton’s search for China’s unloved companies

I recently spent five days in China with renowned fund manager Anthony Bolton. We went to three major cities, Hong Kong, Beijing and Shanghai, visiting 18 companies, most of which he holds in his Fidelity China special situations trust. It was a most insightful trip, which highlighted both the opportunities and the risks of investing […]


Lloyds ups scrutiny on interest-only repayment plans

Lloyds Banking Group borrowers with an interest-only mortgage who are looking for a further advance will now be asked to provide evidence of a repayment plan for the entire loan. Previously, Lloyds asked borrowers to provide evidence of a repayment method for the additional amount that they wished to borrow. But, from May 28, borrowers […]

Threadneedle adds to fixed income team

Threadneedle has made two senior hires for its fixed income team after the recent restructure of its fixed income capability. Clifford Lau has been appointed into the newly-created role of head of Asia Pacific fixed income in Singapore and Zara Kazaryan joins as emerging markets debt fund manager in London. Lau joins the firm from […]


FSA confirms plans to cut projection rates

The FSA has confirmed plans to cut the projection rates providers and advisers are required to use to illustrate potential future investment returns. Currently, firms must project three different possible rates of return – 5 per cent, 7 per cent and 9 per cent – for tax advantaged products such as personal pensions. The regulator […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm