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Close to grow fund admin and trust businesses

Close Private Bank is preparing for aggressive expansion of its fund administration and trust businesses.

The newly appointed chief executive of the fiduciary division Stuart Dyer has recently taken over responsibility for Close’s fund and trust businesses in Jersey, Guernsey and the Isle of Man.

Dyer joined from Cofunds where he was chief executive. Prior to this he was JP Morgan Fleming Retail Investment chief operating officer and Friends Provident investment marketing director.

Dyer says: “The trust businesses in Jersey, Guernsey and the Isle of Man will function as a single platform and leverage off the combined strength of 100 staff across three jurisdictions, rather than operating as three separate businesses.”


LIfe cover gap static as IP divide widens

Swiss Re’s annual industry protection report reveals that the life insurance protection gap was static at 2.3 trillion in 2005/06 but the income protection gap grew to 170bn.

Two-thirds of public confused by demutualisation

Almost two-thirds of the UK population do not understand the rationale behind demutualisation and the negative effect this can have on investment performance, according to research by the Association of Mutual Insurers. Seventy per cent of the 1,013 adults surveyed are unable to give a satisfactory explanation of the differences between a mutual organisation and […]

Anniversary waltz

Measuring the extent of the Chancellor’s attack on trusts in this year’s Budget

Pensions White Paper is published

The pension reform White Paper has called for the basic state pension to be relinked to earnings, the abolition of the contracting out rebate for DC schemes and a choice of NPSS models.The Government will continue to consult over the best way forward for NPSS in terms of who will run the scheme, giving the […]

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]


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