A row has broken out between Bankhall and former emp- loyee Mike Buckley over mortgage club Premier Mortgage Service.Bankhall chief executive Peter Mann objected to comments made by PMS rival Active Management Group chief executive Buckley in Money Marketing last month. Buckley said: “John Malone at PMS has built a very successful business and he has done it by playing the numbers game. Our strategy is not to build it in the same way but we want to be more substantial and that is about providing qual- ity of service.” Bankhall chief executive Peter Mann hits back: “I have known John for 20 years and can vouch for the fact that quality is at the heart of everything he does. The comments of Buckley are both ill informed and inappropriate.” Buckley says: “It was a compliment to John Malone as he has built a very successful club. We want to do the same but in a slightly different way.” Buckley left Bankhall last year and bought mortgage specialist Bankhall Client Services which is now part of AMG subsidiary Active Lending Solutions. Buckley and ex-Bankhall employee Gordon Covell’s ALS signed an alliance with Bankhall rival Threesixty in September. Jelley: ‘Popularity of trusts is set to remain strong’
Over £100m in voluntary contributions has been contributed to child trust funds in the first 16 months, according to data from the Pep and Isa Managers’ Association. It says its survey of CTF providers shows that nearly 30 per cent of accounts are getting additional contributions. It says £20 is the average monthly direct debit […]
HSBC is recruiting a treating customers fairly manager on a salary of up to 45,000 plus benefits. The job is based in the firm’s Canary Wharf office in London’s Docklands with the aim of embedding the FSA’s TCF initiative across the bank’s business. The manager will be involved in strategy, sales, advice, product design and […]
Former Home Secretary David Blunkett says inheritance tax needs to be reshaped radically to ensure fairness and the Government must clamp down further on those seeking to avoid the tax through complex planning. Speaking at a Resolution Foundation event at the House of Commons, Blunkett said Chancellor Gordon Brown’s Budget crackdown on trusts was a […]
Find, which recently acquired Defaqto, says the research firm will continue to offer tools, including Aequos, to intermediaries.
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]