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Fallon and Tyrie favoured to head TSC

Senior Tory backbenchers Michael Fallon and Andrew Tyrie are frontrunners to become chairman of the Treasury select committee. Fallon was previously deputy-chairman of the TSC.

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L&G chief Breedon to take chair at ABI

Legal & General group chief executive Tim Breedon is to become the next chairman of the Association of British Insurers. He will be formally appointed at the ABI’s annual general meeting in July when current chairman and Scottish Widows group executive director of insurance Archie Kane will step down, having completed a three-year term. Breedon […]

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The challenge of abandoning commission

It has been almost four years since we launched our retail distribution review. Back in June 2006, we suggested that there were serious challenges to be faced in the retail investment sector from growing economic and market pressures which might affect the industry’s sustainability and market structure. No one could have predicted the market turbulence […]

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Hayes to run Axa sterling

Former New Star fixed-interest manager Nick Hayes is to join Axa Investment Managers next week and will manage the Axa sterling strategic bond fund. Based in London, Hayes will take over the running of the £54m fund from Julie Lamirel and will report to chief investment officer of Axa fixed income Chris Iggo. Lamirel will […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more

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