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Buckley picked as Swip chief executive

Scottish Widows Investment Partnership has appointed Dean Buckley as its new chief executive. Buckley joins from HSBC in January. Swip has recruited Winterthur investment distribution head Bernard Henhall as sales director for the new fund of funds team.

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Former Abbey chief exec to lead new offer for Northern Rock

An investment group led by the former chief executive of Abbey Luqman Arnold has confirmed it is to offer a proposal to the board of Northern Rock.Independent firm Olivant says its proposal would involve the immediate introduction into Northern Rock of a core team of Olivant’s experienced principals, led by its chairman Arnold, to work […]

Roaring 40s

There are periods when growth funds, as defined by the average UK equity unit trust, sometimes marginally outperform the average UK income unit trust but this is not true over the longer term.

Reform bill will shake up benefits

Canada Life is urging employers to offer group income protection as an employee benefit in light of the Government’s welfare reform bill, which is due to be introduced this month.The company says that the reform will replace the existing incapacity benefit with employment support allow-ance, which could result in many people receiving lower benefits.Group legislation […]

UK pension shame continues

The UK’s state pension system has been rated the worst in Europe for the second year running, by Aon Consulting. An average earner retiring this year would receive a pension worth 17 per cent of their salary compared with an EU average of 57 per cent.

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]

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