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Bank of Scotland set to launch new fund operation

Bank of Scotland is planning the launch of a new independent fund

management business but is staying tight-lipped on details.

The business will serve the UK and European corporate mid-market and will

also manage the bank&#39s existing £550m portfolio of mezzanine loans and

private equity investments.

It will be managed by Colin Leslie, who is divisional chief executive of

the bank&#39s structured banking division.

“The bank works well with venture capitalists and has a large diversified

management buyout senior debt portfolio,” he says. “We will build on these

relationships, focusing on junior and equity positions, with particular

emphasis on managing the bank&#39s fund of venture capital funds, which is

spread over 40 partnerships.”

Although the name, launch timetable and other appointments are being kept

quiet, the bank will announce further details during the coming month.


12% slice of the loan market for Abbey

Abbey National is fighting back in the face of aggressive action by otherlenders by doubling its mortgage market share to 12 per cent in the firstquarter of this year.Traditional lenders have recently lost market share to new entrants butAbbey has reversed this trend.Abbey says its dramatically increased share is due to an aggressivepricing policy coupled […]

The Katz whiskers

Thank you, Harry Katz. I have not always agreed with your letters but thistime I find myself nodding to myself at every point made (Money Marketing,last week).I resigned from the LIA some time ago in response to their acknowledgementonly of the “independent” sector. As a trade organisation, the LIA offers agood deal to the insurance […]

Actuaries fear legal action on pension advice

The Institute and Faculty of Actuaries fears its members could face a raftof legal action over changes made to pension schemes under the Pensions Act1995.It follows a decision by the institute to seek “opinion from counsel” overSection 67 of the Pensions Act 1995, that it sees as a grey area open todifferent interpretation.The section requires […]

Fidelity supports Children&#39s Trust

Fidelity Investments is lending a helping hand to The Children&#39s Trust, acharity group dedicated to helping physically handicapped kids and thosewho need rehabilitation after car accidents.The company is supporting three major fund-raising events for the Hand ofHope Appeal.The eventual goal is to raise money towards building a therapy andrehabilitation centre to replace the present facilities. […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]


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