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F&C corporate affairs director steps down

F&C has announced that as a result of a cost-cutting programme head of corporate affairs Jason Hollands will be leaving the group over the new few months.

The remaining members of the F&C group communications team have also been informed that their positions are at risk and a consultation with employees is now taking place.

F&C group head of marketing Tracey Fennell has assumed responsibility for press communications with immediate effect along with F&C’s PR agency FTI Consulting.

Chief financial officer David Logan will be taking responsibility for investor relations.

An F&C spokeswoman says: “We thank him for his significant contribution to the group over nine years and wish him success in his future endeavours.”



Simple products steering group starts work

A steering group to help with the development of simple products has been launched by the Treasury. According to its terms of reference, the simple financial products steering group is tasked with devising a suit of simple financial products which will help consumers benchmark and compare other products on the market and are understood by […]

Further £50bn QE likely

The Bank of England is expected to increase its quantitative easing programme by £50bn this week to £325bn. The Bank’s monetary policy committee is likely to announce the move on Thursday, whilst keeping interest rates at 0.5 per cent. The minutes from the MPC’s January meeting show that the committee believes inflation will continue to […]

Principality lending hits £1bn but profits fall

Principality Building Society lent £1bn to mortgage customers in 2011, up by 6.5 per cent on £934m in 2010, although profits fell sharply. In its annual results for 2011, published last week, the society says profits fell by 20.5 per cent from £30.8m to £24.5m. Its core tier-one capital ratio increased from 13.3 per cent […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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