Pru UK chief executive Mark Wood revealed his ruthless streak that earned him his “chopper” nickname at an industry dinner last week.Wood took offence to diary using an Axa pen to record his musings and smashed it to smithereens before re-placing it with a Pru biro.
Standard Life has taken what is understood to be a twenty per cent stake in the Tenet Group, as first reported in this week’s Money Marketing.The deal is thought to value Tenet at 86m and is Standard’s first investment in distribution. Tenet is the largest independently owned distributor in the UK. Norwich Union, Friends Provident […]
Skandia Investment Management
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Chemists in the south of France and north of Italy were cleared out of Vaseline last week as pedalling PR Adrian Cammidge of Aegon pushed through with his troupe of cycling colleagues. The Cammidge under-carriage is said to have re-sembled a baboon in heat after the 1,600 km trek from Calais to San Remo, raising […]
F&C has recruited Nick Ford as director of its US smaller companies team. Ford joins F&C from Gartmore where he co-managed its US smaller companies fund. He will report to Robert Siddles, director, head of US smaller companies, joining the firm on August 15th. Ford will run the F&C’s US smaller companies fund with Siddles.
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Phoenix is set to shed roles in a redundancy round following its decision to buy parts of Axa’s business last year. The closed-book provider snapped up Axa Wealth businesses Embassy, its off-platform investment and pension division and Sun Life, its direct protection business, in a deal signed last May, before also buying rival closed-book operation […]
Hargreaves Lansdown has removed Paul Chesson’s Invesco Perpetual Japan fund from the Wealth 150 list of recommended funds due to its volatile performance. Chesson, head of Japanese equities, has run the £318m fund since 2000 and takes a high conviction, contrarian approach to investing. Investment analyst Dominic Rowles says that while this has led to […]
Firms will not necessarily have to advise on every relevant investment product but it will be difficult to discount structured deposits