View more on these topics

Falcon picks ex-Gartmore chief for wrap venture

Falcon Group has hired former Gartmore, M&G and Fidelity chief Piers Denne to lead its technology proposition with a view to setting up a new platform or wrap facility.

Denne joins as business development manager and will carry out a three to four month review to decide the best solution for the national IFA.

Falcon Group chief executive Allan Rosengren says one possible way forward would be to white-label an established provider’s wrap.

Various approaches have already been tested, includ- ing the forthcoming Standard Life wrap.

Rosengren says the firm is carrying out the review bec-ause it is keen not to jump into a wrap world full of “loose thinking”, where many are finding it hard to correlate the wishes of the adviser and the provider.

Denne’s last role was head of third-party distribution at Gartmore but he also has life office experience at Prudential and Commercial Union and was previously an IFA.

Denne says: “I have been brought in to conduct a review of how to create a facility to allow the group and its members to benefit from a platform utilising the database and client information system that we already have.”

Recommended

Tax adviser attacks HMRC for inflexible stance on annuities

HM Revenue & Customs is being inflexible to the point of authoritarian by forcing people who reach 75 before A-Day to buy an annuity, says tax and business advis- ory group Vantis Financial Management. People whose 75th birthdays fall after A-Day on April 6, 2006 are not required to buy an annuity. Vantis poionts out […]

Mixed response as Bernanke named Greenspan successor

The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment