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Ferguson plays below his handicap

The Diary is no golfer (more like a gofer) but was still impressed by Abacus director David Ferguson&#39s achievement last week at the Craigielaw Golf Club&#39s summer meeting.

Despite having been on a 14-hour bender (not involving many white wine spritzers, MM suspects), David won with rounds of 66 and 70. But even more impressive was the fact that the man he beat into second place was Aegon group finance director Otto Thoresen (67 and 74), who was no doubt left wondering how he lost to a Columbo lookalike with flammable breath.

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Cautious welcome from Misys members

“It&#39s early days but I would hope some of the funds raised from flotation would be pumped back into the business and help ease the large burden of fees on members. Perhaps they could use the extra money to introduce a cap on fees.”DBS member Best Advice senior financial consultant Anthony Moss

Wide hope of rally in markets

Fund managers and IFAs widely expect the stockmarket to stage a comeback in the near future – although the bears fear it could plummet by another 20 per cent before it bottoms out.Despite the FTSE 100 plunging below the psychologically important 4,000 barrier this week, fund firms say there are signs the market could be […]

To freeze or not to freeze?

I left my employer in March this year. I was a member of the final-salary scheme. I have now joined a new employer who does not allow new employees to join its final-salary scheme.What do you suggest I should do with my frozen pension from the first scheme? First of all, you will not have […]

Britannia merging niche brands Verso and PHL

Britannia Building Society is merging its two specialist intermediary lenders – niche brand Verso and sub-prime brand Platform Home Loans.The new operation, yet to be named, will be run by Platform&#39s management team.Britannia says it aims to recoup the £1m costs of the move within two years and will create a full service lender for […]

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