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Digest

After the Diary&#39s recent sensational revelations about the Steve Bee cafe, we can now reveal, courtesy of an anonymous photo donor, that yet another leading industry outfit seems to have a catering sideline. Any further culinary pictures would be most welcome.

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Drama out of a crisis

Thanks to Insight Investments for the miserable news that the British public would prefer its children to be taught financial management than drama or art. It goes without saying that kids need to know about overdrafts and student loans, the Diary would agree, but 0 out of 10 for lack of insight to the fund […]

Exeter offers menu to share the medical costs

Exeter Friendly Society is offering a PMI product aimed at spreading the cost of treatment between client and insurer to reduce premiums. The Shared Care product is menu-based, with clients able to select between three different benefit packages, ranging from core coverage of in-patient and day patient treatment to out-patient services, transport, private ambulance and […]

Barings&#39 Francis to join Credit Suisse

Barings UK fund manager Errol Francis, who took over Richard Buxton&#39s funds when he left the group for Schroders last year, is to join Credit Suisse Asset Management in January. Francis, manager of the £122m UK growth and £8m equity income funds, will run a UK fund but CSAM has yet to decide which. He […]

Friends confirms closure of direct sales operation

Friends Provident has confirmed it is closing its direct sales operation following a review of its distribution strategy. Friends says about 500 staff will be affected, including the sales force, of whom 150 may become self-employed appointed reps. The move means Friends will focus on distributing its products through IFAs, the enlarged AP channel and […]

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