View more on these topics

Coxell quits Marlborough Stirling after nine years

Graham Coxell, the man behind Marlborough Stirling&#39s deal with IFA portal The Exchange, has quietly walked away from the group.

Former chief executive Coxell left after nine years with the firm and has not been replaced. Chairman and chief executive Huw Evans is temporarily filling his role.

Coxell was instrumental in the deal that saw Marlborough agree the takeover of Exchange FS, The Exchange holding company, in 2001 and also oversaw flotation of the company on the FTSE 250.

Despite the group&#39s latest interim results showing a drop in group profits to £2.6m from £8.3m in 2002, analysts are bullish that the group will gain strength in the next six months.

Lehman Brothers analyst Stacey Pollard says: “Marlborough&#39s results show portal subscriber numbers are up. Marlborough has carried on attracting new members. Misys only has a limited number of IFAs that they can access and this number has shrunk.

“The fall-off of the share price is a reflection of poor equity markets and the number of IFAs decreasing but there has been some recovery since partly due to an increase in the sale of protection products.”

Marlborough Stirling spokesman Charlie Musson says: “We are seeking a replacement. As far as I am aware, Coxell did not leave to go to another company and it was a mutual decision he made with the board.”


Sofa says the worst is over in PI cover crisis

The cost of professional indemnity insurance for IFAs has peaked, with the tide starting to turn for practices still struggling to afford cover, according to Sofa. Managing director Brian Lawless says he thinks the worst is over for advisers and that PI premiums, which in many cases have doubled over the last 12 months, look […]

Independent view

In my day it was quite unusual to take a gap year. So I ended up going through school with all the examinations that entailed, straight to university and more exams. I remember when I got the results, saying I will never take another exam in my life. School had involved regular exams. My university […]

IMA&#39s Clare Arber leaves communication role

Clare Arber, head of communications at the Investment Management Association, has left the trade body. She joined the IMA just under five years ago as PR manager before being promoted in December 2001. She had previously worked at CGU. The IMA says she has left to pursue other interests but it is not known whether […]

Over 550,000 people visit CA website

The Consumers&#39 Association has had more then 550,000 visits to the endowment section of its website since it started running its high-profile campaign last September. The campaign, aimed at helping mortgage endowment policyholders complain to insurers, has seen more than 45,000 people download draft complaint letters to send to insurance companies. CA senior policy adviser […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm