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Castle Trust head of distribution to exit

Castle Trust managing director of distribution Matt Nagele is leaving the firm.

Nagele joined the firm in December 2010 from Old Mutual Asset Managers where he was managing director of distribution.

He has also previously worked at Prudential Assurance and Friends Provident Life Assurance and has 18 years’ experience of the IFA and institutional markets.

Nagele says: “I am hugely proud of what we’ve achieved together at Castle Trust. It will be one of the few genuinely ground breaking new financial services businesses in the UK. Having played my role in establishing the launch pad for Castle Trust, I will now be pursuing a new challenge.”


FSA warns PI insurers over Arch cru exclusions

The FSA has warned professional indemnity insurers it is prepared to take action against those attempting to sidestep liabilities in relation to Arch cru claims. In a Dear CEO letter, FSA conduct business unit director of supervision Clive Adamson (pictured) says the regulator’s proposed £110m consumer redress scheme for Arch cru investors has sparked concerns […]


Advisers urged to respond to Arch cru redress plans

Advisers are being urged to respond to the FSA’s consultation to set up a £110m Arch cru consumer redress scheme as the regulator signals its disappointment at the quality of responses so far. Yesterday, it emerged that the FSA board is undecided over whether to implement the scheme, also known as a section 404 scheme, […]


RBS set for big fine over Libor scandal

Royal Bank of Scotland chief executive Stephen Hester has hinted the bank is set for a huge fine on the back of the Libor scandal. The bank is also set to announce, in its results this Friday, a further provision of at least £100m for the misselling of payment protection insurance, taking total PPI costs […]

Building societies are building trust

Dear Sir, In the article titled Fine-tune dated 5 July, Ray Boulger suggested that the Building Societies Association commission a poll asking about trust in building societies. The BSA had in fact already commissioned such research which found that levels of trust in banks reduced significantly over the past month as a result of the […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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