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Digest

M&G recruits Jupiter fund chiefM&G has recruited Alex Odd from Jupiter and he will take over as deputy manager of the M&G extra income and fund of investment trust shares portfolios from January. Odd was deputy manager on the £1bn-plus Jupiter Income fund from 1997. His arrival will coincide with Mike Felton starting at M&G, moving from Isis last month.

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Digest

Tiner calls for insurance reformFSA chief executive John Tiner is calling for reform in the insurance industry, warning that unless brokers and insurers change their practices, they face enforced change. Speaking in New York, Tiner hit out at the handling of commercial insurance contracts, telling his audience that the FSA wants to see the end […]

Raising state pension is only way to solve crisis -Lib Dems

The solution to the pensions crisis must start with a decent basic state pension say the Liberal Democrats in response to leaked reports on the Employer Task Force on Pensions.Reports indicate the Government-commissioned task force will conclude that forcing employers to contribute to their workers’ pensions may be the only solution to Britain’s pensions crisis.Liberal […]

Millfield reveals multi-tie structure

Millfield has announced the appointment of six strategic partners for its multi-tie proposition.The six companies, which have each signed a contractual agreement lasting five years, are Axa, Friends Provident, Norwich Union, Scottish Widows, Skandia and Prudential.The launch of the multi-tie proposition is scheduled for the first or second quarter of 2005.Chief executive Paul Tebbutt says: […]

Crombie admits policy failure

Standard Life chief executive Sandy Crombie has admitted to a panel of MPs that demutualisation is a result of poor management decisions rather than the fault of regulation.

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