The Positive Solutions directors have a bit of a North-South divide going on, it seems.Executive chairman David Harrison recently had a pop at fellow director Mike Edwards for “being southern and a bit posh”. He explained how on a visit to Newcastle, Edwards was staying at “one of the nicer hotels in the area” and decided to put his shoes outside the door overnight to have them polished. Much to Edwards’ horror, when he called reception to have them sent back up, they had no knowledge of them. It seems that one of the other hotel guests had pinched them. Harrison says: “If you see anyone walking funny in a pair of light brown shoes that look like they don’t belong to them, let Mike know.”
Offshore business Simon Hildrey says sales are booming after overcoming concerns about a new tax regime
Here we are in October – that most unpredictable of months. Big stockmarket shakeouts happen in October. The Great Wall Street Crash of 1929, the Yom Kippur war in 1973, Black Monday in 1987 – all happened this month. This is meant to be the season of mists and mellow fruitfulness. It is also the month when seasoned investors are on the lookout for banana skins and the fact that, at the end of September, Wall Street reached its highest levels since 2000 will probably heighten investors’ nervousness.
Well done, Michael Portillo, for his self-deprecating manner. The former Conservative MP recently told a forum of IFAs how the moment of his demise – when he lost his Parliamentary seat, followed his home and his career in politics – was voted the third best moment of the 20th Century by Observer readers and Channel […]
Network Data Holdings is gearing up to set up a lending operation in early 2007. The parent company of Network Data, which floated on Aim last month, is considering whether to launch a dormant firm it owns, Homeowners Mortgages, on to the lending scene. HM was set up in November 2005. It is not clear […]
Johnson Fleming has partnered with Openwork in order to make its managed auto-enrolment service available to Openwork’s advisers.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]