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BSA elects Stroud and Swindon BS chief executive John Parker as new chairman

The Building Societies Association has named Stroud and Swindon Building Society chief executive John Parker as its new chairman, replacing Skipton Building Society chief executive John Goodfellow.

Nationwide chief executive Philip Williamson has taken over as deputy chairman.

Parker says: “I am honoured and delighted to become chairman of the Association. Having worked in the industry for 20 years, I know that societies have a major role in providing diversity and choice in financial services. A key issue this year will be adapting to mortgage and insurance regulation without losing our responsiveness to the needs of our members.”


Axa in £1m drive for core funds

Axa is rolling out a £1m ad campaign for its core funds, including its distribution fund which is celebrating its 25th anniversary in July. Other funds to be included in the campaign are the deferred distribution fund, the reserve fund, the property fund, the high-yield distribution fund and the higher-income fund. The campaign, which is […]

Julian Gibbs

Over the longer term, UK smaller company funds generally outperform blue-chip funds. While smaller companies have performed particularly well over the past year, some well-managed UK smaller company funds should continue to outperform the FTSE 100 index. Over the past 48 years, the UK small-cap index has outperformed large caps by 3 per cent a […]

Sun sets on Newton

Newton Investment Management has announced that Asian equity fund manager Ezra Sun is to leave only a month after star fund manager Clive Beagles departed. The fund house insists the two departures are unrelated but IFAs have expressed concern about the timing. However, they say Newton can justifiably claim that Sun&#39s loss is less of […]

Correspondent&#39s week

“Personal finance journalism? I&#39ve never understood why you guys do it. It&#39s so boring. What&#39s wrong with showbiz?” So starts another eye-popping week in the mini-Manhattan that is Canary Wharf. Tuesday&#39s telephone accuser is a testy contact who, bless him, will not believe that I actually like my job. He thinks that financial services is […]


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