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Bright Grey and Scot Prov MD steps down

Bright Grey and Scottish Provident managing director Ross Ainslie is stepping down from his role.

Ainslie has been at the Royal London Group, the parent company of Bright Grey and Scottish Provident, for 10 years and will leave his role in August to study for an MSc degree.

An internal successor will be appointed in the coming weeks, according to the group.

Ainslie has been managing director of Bright Grey since 2008 and has led both protection brands since the acquisition of Scot Prov in 2009.

Royal London chief executive, intermediary division John Deane says: “Ross has made a significant contribution, and under his leadership Bright Grey and Scottish Provident have recently announced an excellent set of results in a very competitive market.

“Ross will be leaving a strong and successful business which is well placed to go from strength to strength.”



FSA bans stockbroker for ‘reckless misconduct’

The FSA has banned managing partner of First Colonial Investments LLP George Leavey for “reckless misconduct”. The regulator says Leavey was carrying out a significant influence function without FSA approval, failing to oversee the segregation and protection of client money and approving misleading financial promotions.  FCI was a stock broking firm based in London. The […]

LEBC makes £580k loss after £730k restructure

National IFA LEBC made a £580,000 pre-tax loss for the year ending September 30, 2011 after spending £730,000 on a restructure of the business. The £580,000 loss compares to a £62,000 profit the previous financial year. The firm’s accounts show its turnover increased by 8 per cent to £10.2m compared to £9.5m the previous year. […]

Multi- manager View

Dramatising the problems in the eurozone makes for good headlines -it helps to sell newspapers and gives weight to arguments over policy. But there is a more humdrum side to the story. Recent history shows that when the chips are down, European policymakers will do whatever it takes to save the euro. In fact, in […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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