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Financial Ltd appoints compliance and risk director

Financial Ltd has appointed former Nationwide head of regulatory risk oversight Richard Warrington as the firm’s first compliance and risk director.

The role has been created to replace Steve Bell’s position of compliance director. In November, Financial Ltd announced Bell will leave after six years with the firm as part of a management reshuffle.

Bell will remain with the firm to oversee a transition to the new management structure and is due to leave in mid-January.

Warrington was Nationwide’s head of regulatory risk oversight from November 2009 to September this year and was previously National Australia Group Europe head of regulatory affairs and compliance.

In three further appointments, former Chelsea Building Society chairman and chief executive Stuart Bernau has been appointed non-executive chairman, while Standard Financial Group non-executive director Kevin Watkins and former Nationwide divisional director Robin Bailey have been appointed as non-executive directors.

Baronworth Investment and Financials director Colin Jackson says: “Including risk with compliance is very important in the current climate. This is a focus bigger companies need to address. I think it is a good idea and one really compliments the other.”


Corporation tax is cut again to 21% by 2014

Corporation tax is set to fall to 21 per cent by 2014 as part of Chancellor George Osborne’s plans to create a “competitive” business tax regime. In his emergency 2010 Budget, Osborne planned to cut the rate from 28 per cent to 24 per cent by 2014, before accelerating this reduction to 22 per cent […]

Holly Mackay MM blog

Holly Mackay: The changing face of investment advice (and non-advice)

Once upon a time, there were 14.1m UK customers holding risk-based investment products – we have tracked the various journeys investors go on to access the markets (see diagram below). Nearly 4m of these investors are entirely self-directed today and only 2.4m are entirely advised. The rest dip in and out of advice – they […]

Ratings suspended on Newton Higher Income after manager change

Bestinvest has suspended the rating on the £2.2bn Newton Higher Income fund after the asset manager announced that fund manager Tineke Frikkee would no longer be managing the flagship offering. Frikkee has been replaced on the fund by Newton Investment Management head of UK equities Richard Wilmot and is now in discussions with the company […]


Govt reviewing Pension Protection Fund compensation cap

The Government is reviewing the structure of the Pension Protection Fund compensation cap to reflect how long an employee has worked for a company. The PPF is a lifeboat fund for members of defined-benefit pension schemes whose sponsoring employer has gone bust. Currently if an individual’s employer fails before they reached retirement age, they will […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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