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Barnes steps down as Bestinvest CEO

Bestinvest chief executive Andrew Barnes has left the firm after two years.

Barnes is to be replaced by chairman Ray Greenshields, who thanked him for his contribution to the business.

Barnes’ departure will come as surprise to many given that in an interview with Money Marketing earlier this year he said that he would be with the firm in the long run.

He has been at the centre of much controversy following the purchase of the firm by 3i in 2007, following the departure of numerous members of staff, including head of communications Justin Modray.

At the time of his departure Modray said: “The arrival of a new CEO has seen a fair amount of change at Bestinvest this year, causing me to become increasingly unhappy over certain issues. As a result, I have reluctantly parted ways with the company.”

A spokesperson on behalf of Bestinvest said the group was unavailable for comment.


Safety thirst

At the end of one of the most tumultuous weeks we have experienced in financial markets, the Financial Times’ Lex column stated on Friday September 19 that investors today are “more concerned about a return of capital than a return on capital”.

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


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