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David Taylor to head HSBC smaller companies division

Former GT Global smaller companies fund manager David Taylor is joining HSBC Asset Management as it attempts to halt a £15m wave of redemptions.

Taylor will head up HSBC&#39s smaller companies division. He replaces Ashton Bradbury who is leaving for Hill Samuel Asset Management next month.

The HSBC Smaller Companies fund has been hit by £15m in redemptions since Bradbury announced his resignation.

Taylor left Invesco at the end of September. He ran the £9.5m GT Smaller Companies fund which is being merged with the £140m Invesco small cap trust run by Andy Crossley.

Following the £690m takeover of GT by Amvescap, which owns Invesco, in January the retail trusts of both groups are being merged.


BSA says societies are attracting funds due to stock market turmoil

Net-lending from building societies fell 10.5 per cent to £1.88bn in October from £2.1bn in September, according to the latest figures.The Building Societies Association&#39s monthly survey shows more people were putting savings in societies rather than equities to escape the recent stockmarket turmoil.The Building Societies Association says building societies attracted savings of £1.1bn in October, […]

Sloc&#39s new UK chief outlines designs on IFA market

Sun Life of Canada&#39s new UK manager Steve Melcher says that one of his main aims is to strengthen the life office&#39s presence in the IFA market.Melcher, who has just been appointed senior vice president and general manager at Sloc made the comments in his first press briefing this week.Melcher is the former chief executive […]

Hogg Robinson restructures business into three units

IFA Hogg Robinson has announced a restructuring of its financial services arm into three new businesses.Advizas with deal with IFAs, Paymaster will deal with outsourced payments and processing and Entegria with benefits consulting.Chief executive David Radcliffe says: &#34Companies are seeking to reduce costs and maximise efficiency. The new structure will enable the individually branded businesses […]

Housing Mortgage Corporation cuts rates

The Household Mortgage Corporation is lowering the interest rate on its standard and self-certified fixed-rate mortgage schemes for a limited period.The standard scheme with loans up to 95 per cent of the purchase price will be 6.75 per cent and the new rate for the self-certified scheme will be 7.25 per cent.Both rates will be […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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