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Former Scot Am principal Swinney takes finance role in Scottish Parliament

Former Scottish Amicable strategic planning principal John Swinney has been confirmed as cabinet secretary for finance and sustainable growth in the Scottish Parliament.

Swinney will head up the new department created in the major restructuring of the Parliament that took place after first minister Alex Salmond was sworn in today.

There had been some speculation that opposition parties would block his appointment but in the end they abstained.

Swinney’s brief is wide ranging, covering the economy, local government, energy, tourism, climate change, public transport and Scottish Water.

Swinney held the role of strategic planning principle at Scot Am between 1992 and 1997.

He entered Westminster in 1997 as MP for North Tayside, before representing the constituency in the Scottish Parliament from 1999 and stood down from his Westminster seat in 2001.

Swinney took over as leader of the SNP after Alex Salmond stood down in 2000, and resigned in 2004.


Mortgage Expo: FSA issues ‘stay out’ equity release warning

The FSA has warned advisers looking to enter the equity release market to ‘stay out’ if they are not willing to commit significant resources and investments to their operations.Speaking at the Mortgage Business Expo in Manchester, the FSA warned firms to ensure they committed to delivering quality advice. FSA manager of retail distribution and mortgages […]

Nucleus signs next three IFA firms

Nucleus Financial Group has signed up three more IFA firms to its wrap platform meaning 13 firms now hold a stake in the business.AJS Wealth Management in London, Glasgow firm Intelligent Capital and Leicester-based firm Ward Mitchell Partnership make up the second tranche of firms joining Nucleus since the seven founding IFAs went live with […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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