View more on these topics

Ex-Widows chief will oversee Misys float

Misys has appointed former Scottish Widows board director Newton Scott as the first non-executive director to its life and pension board overseeing the company&#39s flotation.

Scott, 55, joined Scottish Widows in 1964 as a clerk in the Newcastle branch. He held positions in sales and marketing before being appointed managing director (marketing and distribution) in 2000 with responsibility for IFA and direct-sales marketing and distribution.

Misys head of group media relations Paul Charles says: “Newton will add extra weight to the board as it oversees the flotation process. He will be invaluable as decisions about the benefit package for members are drawn up and will provide an important provider perspective in the post-CP121 environment.”

National Australia Bank Group general manager for business development John Cowan says: “I have known Newton for 20 years. He is an excellent acquisition for Misys. He has a deep understanding of the financial services marketplace and dynamics and a long and close association with IFAs.

“He is hugely enthusiastic and has the appetite for being involved. I am delighted that he has got this role.”

Recommended

One Europe, one pension

Last month, the European Financial Services Roundtable produced a report entitled, One Europe, One Pension – Affording the Future.The report is only 30 pages long and can be found at the EFR&#39s website www.efsrt.org. The EFR is a group of chairmen and chief executives from many of Europe&#39s biggest insurance companies and banks. It includes, […]

MPs too late to sway Revenue&#39s pension plans FSA adds drawdown to Omo requirement

The Department for Work and Pensions select committee inquiry into the future of pensions is likely be published too late to influence the Inland Revenue&#39s review of pension taxation.The committee is considering a wide range of issues, including the role of tax incentives in pensions and will look to build political agreement for the need […]

Global GEB Mini Cash Isa 7 Year Issue 1

Wednesday, 7 August 2002 Type: Guaranteed mini cash Isa Aim: Growth linked to the performance of the FTSE 100, Nikkei 225, SMI and S&P 500 Minimum-maximum investment: £3,000 Investment choice: Deposit account Term: Seven years Guarantee: Capital returned in full at end of term regardless of movement in indices Return: 90% of average growth in […]

Naked truth about industry proposals

The tale of the emperor&#39s new clothes sprang to mind last week as I watched the posturing by the Investment Management Association as the brave in its midst came back from holiday and launched into an attack on Sandler&#39s conclusions regarding active fund management.The initial timidity of our industry perhaps explains why we are in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment