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Cadbury to step down from Henderson trust

Henderson smaller companies trust chairman Peter Cadbury is to retire on March 21, 2003 after heading the trust since 1989. At the board meeting on that date he will be succeeded by Dudley Fishburn, who has been on the board since 1996. He is chairman of HFC Bank and on the board of Philip Morris, and has in the past been editor of The Economist and an MP for Kensington and Chelsea.

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Consensus builds to back the limited advice option

A groundswell of support is building behind the limited advice option under FSA proposals for distributing Ron Sandler&#39s suite of stakeholder products, with IFA trade bodies and consumer groups claiming it is the only way forward.Aifa, Sofa, the LIA, the Consumers&#39 Association and the National Consumer Council all say they would support a reduction in […]

Bear bloodbath sees NU axing terminal bonuses

Norwich Union is to slash payouts by up to 20 per cent and wipe out terminal bonuses on some with-profits contracts as it grapples with the bear market.The annual bonus is cut on bonds from 3.75 per cent to 3.25 per cent, on stakeholder from 4.25 per cent to 3.5 per cent and on other […]

Doubts grow over future of NPI brand

NPI is set to become the latest brand to bite the dust following theradical restructuring of AMP&#39s UK business.The latest speculation on the future of the NPI brand follows comments madeby AMP group chief executive Andrew Mohl to the press that NPI as well asPearl would cease product manufacture.AMP paid £1.5bn for NPI following its […]

Barking up the wrong tree

The new year has begun very much like the old one finished, with a raft ofconsultation, discussion and feedback papers from the FSA. Among the sixpublications put out by Canary Wharf between Christmas and the first weekof January is the FSA&#39s discussion paper on its proposals for theregulation of the sales process for Sandler&#39s suite […]

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