View more on these topics

Dobell moves in as Pegrum leaves M&G

M&G has appointed Tom Dobell as manager of its British opportunities fund, replacing Neil Pegrum who quit to join Insight Investment at HBOS last week.

Following the departure of the high-profile Pegrum to Insight, where he becomes director of UK equities, M&G immediately filled the position internally with Dobell, the manager of its recovery fund.

M&G says it is disappointed about the disruption caused for intermediaries by Pegrum leaving the firm after 16 years, having managed the British opportunities fund for the last 14 years. But it says it is pleased to have the strength and depth in its investment team to replace him without any delay.

Dobell joined M&G in 1992 and has managed the recovery fund since March 2000 during which time he has taken its ranking to its current position of 37th out of 264 funds in the UK all companies sector from 238th, according to Standard & Poor&#39s Micropal.

At Insight, as well as being responsible for the existing UK growth fund, Pegrum will manage a new UK fund, with details soon to be announced.

Insight chief investment officer Michael Deakin says: “Neil&#39s track record speaks volumes. We are confident his undeniable investment prowess will make a great contribution to our team.”


The retiring types

Wentworth Rose was founded by Philip Rose and Roy Peyre in 1989 and has gone from strength to strength.In June, Aegon took a 50 per cent stake in the company, enabling Wentworth Rose to put into action its plan of steady growth and expansion. In today&#39s era of regulatory chaos, reform reviews and uncertain economic […]

Sellers&#39 packs overtaken, claims CML

The Council of Mortgage Lenders believes improvements to the housebuying process implemented in the last four years by lenders could render the Government&#39s proposals for sellers&#39 packs out of date.Its figures show that the average time taken to make a mortgage offer has been cut from 22 days in 1998 to 15 now.The CML&#39s research […]

Security is more important than returns, says poll

Only 9 per cent of consumers consider taking advice to be the most important factor when taking out an investment, according to a survey by Alliance and Leicester.The survey of 2,000 people throughout the UK shows that in Scotland 14 per cent of people consider advice to be important while the figure is nil in […]

IFP welcomes FSA comment on AFA

The Institute of Financial Planning has welcomed the comments from the FSA&#39s David Severn that the regulator would be happy to see the back of the AFA tier.Speaking from the IFP&#39s annual conference in Telford, chief executive Nick Cann said the AFA concept was a ridiculous category which never would have worked in the commercial […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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