View more on these topics

F&C announces manager reshuffle as Scott returns

Ted Scott has returned to F&C but will no longer be managing money for the firm.

Scott, who has been away due to illness, will be responsible for macroeconomic analysis and advice on market strategy across the UK equities desk.

The move marks a reshuffle of the F&C UK equities desk, including those funds previously managed by Scott.

Hilary Aldridge has become lead manager of the UK growth and income fund. Aldridge was previously the deputy manager but has run the vehicle since Scott’s departure in November 2008.

Head of smaller companies Catherine Stanley is to take on the flagship stewardship growth and stewardship income funds. F&C believes the screening process applied to the ethical friendly funds leans away from larger companies sitting within the FTSE100.

Other changes include director of UK equities Phil Doel taking over on the UK equity income fund from Julian Cane, with Cane set to focus on investment trust mandates, and finally head of UK equities Peter Lees taking over as lead manager of the UK equity fund.

Head of equities Richard Wilson says: “We’re delighted that Ted has made a good recovery and look forward to having him back in the team. Ted’s skills as a top-down analyst of the economy and markets are widely recognised as one of the key ingredients behind his long-record as a successful investor and these complement the ‘stock picker’ bias of the rest of the team. In his new role, the whole of the UK equities team will be able to benefit from his insight.

“In realigning portfolio management responsibilities, we are very confident that we have the right people on the right funds. We look forward to both continuing to build on success of the Stewardship funds and to growing a significant equity income business through a range of products that are differentiated by their distinct investment styles.”


Teahan leaves Schroders

John Teahan, lead manager of the £250m Schroder Income Maximiser fund, has left the group to “pursue opportunities outside the finance industry”.Thomas See, head of structured fund management at Schroders, has taken over the portfolio. See has supervised the fund since launch in 2005 and has worked at Schroders since 1998.Last month the fund was […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


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