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Cobalt director calls for execs to pull together

A Cobalt Capital director has admitted a rift in the senior management of the company and has called for the other senior directors to pull together.

Director Julian Ingalls would not comment on the immediate concerns over the future of the mortgage brokerage, but admitted rifts have developed between senior executives.

He says: “Cobalt senior management and partners have not seen eye to eye and have disagreed about several things.

“It’s difficult trading times and we have been discussing how to take the business forward. People need to pull together in situations like this and that has not been happening.”


Bank notes

Banks have certainly not been absent from headlines of late but one area where they have definitely not been seen is in the factsheet of too many equity funds.

Mitigating circumstances

In the last tax year, alongside income tax bills, £5.3bn was paid in capital gains tax and £3.8bn in inheritance tax.

Providers add to calls for RDR delay

Product providers are lobbying behind the scenes for the FSA’s retail distribution review proposals on adviser charging to be delayed due to the costs of restructuring systems, says Aifa.

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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