Tim Eadon is to be the new chief executive at the Personal Finance Society.Eadon, who takes on the role next week, was formerly head of Sesame Solutions where he was responsible for business development and transformation of the network’s financial advice channel. He takes over from Mark Ommanney, who left the post in March. Eadon was previously a divisional manager at Norwich Union Life, where he worked with a range of building society partners across all sectors of sales and marketing. Chartered Insurance Institute deputy director general Bob Bullivant says: “The PFS needs strong leadership to carry it forward from initial establishment to the position of a professional body whose membership is comprised of the majority of financial advisers in the UK. “Tim is ideally placed to take the PFS from its current position as the biggest professional body in the UK for financial advisers to being the automatic membership choice for advisers.”
Jelf Group has acquired Oxfordshire-based insurance broker Cherwell Insurance Management for an undisclosed sum.The Bristol-based corporate consultancy says it will retain the Hanborough office and all staff, giving Jelf a total of 20 offices nationwide.Jelf group chief executive Alex Alway says: “The Jelf Group has a clearly stated growth policy and the acquisition of businesses […]
Towry Law JS&P Group has sold its general insurance and healthcare arm, Towry Law Insurance Brokers to Broker Network Holdings and a consortium of TLIB directors for £12.5m.Towry Law JS&P Group says the GI arm is not core to its business model and says it will now focus on offering independent financial and wealth management […]
The Association of Mortgage Intermediaries is offering a guide to help members with the increasing number of clients who want to buy a property overseas. The factsheet, Advising Clients Thinking Of Buying Abroad, warns that advisers dealing with these types of clients must be aware of the differing rules and regulations regarding mortgages and property […]
Park Row chief executive Peter Sprung has been appointed to the Royal Liver board.
By Robin Geffen, fund manager and CEO
This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.
In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.
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