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Changes for F&C capital trust

F&C Capital investment trust manager Charles Brock has stepped down following a period of underperformance.

Management of the trust has passed to chief investment officer Tony Broccardo, who will remain in charge until F&C has appointed a replacement.

Brock, who had managed the trust since 1999, will continue to run institutional mandates for the company.


PPML appoints new marketing head

Sipp administrator PPML is appointing Gareth Davies as head of marketing, reporting directly to marketing and development director Kevan Ward. Davies joins from PPML parent Credit Suisse where he has held a number of strategic business development and marketing roles in the UK, Switzerland and France.Davies is an active human rights campaigner and chaired the […]

Standard to maintain WP bonuses

Standard Life is to maintain its with-profits bonuses following its first quarterly review. The life office announced it would be reviewing bonuses quarterly earlier this year as it believes bonuses are likely to come down in the long term because of changing economic conditions. Standard Life corporate affairs director Gordon Arthur says it has taken […]

&#39Bigger earners buy more stakeholders&#39

People with an income of over £50,000 a year are three timesmore likely to have bought a stakeholder pension than people earningup to £11,500, according to data from market research firm Mori.The company&#39s survey of 24,000 individuals over 16 shows that thehigher an individual&#39s income, the more likely they are to buy astakeholder pension.As a […]

No room for complacency on 5% rule

No reference was made in the Chancellor&#39s Budget speech to therecommendations made by Ron Sandler in his report last year toabolish the 5 per cent tax-deferred withdrawal allowance fornon-qualifying life policies and also qualifying policy status. Itwas left to the traditional Budget letter from the Inland Revenue tothe ABI to reveal the Government&#39s decision – […]


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