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Foster Denovo appoints chief operating officer

Foster Denovo has appointed Helen Lovett as chief operating officer.

Lovett joins from British Gas Insurance where she was head of change. Foster Denovo says she will be responsible for managing IT, HR, sales support and preparing the employee benefits function for the retail distribution review.

Foster Denovo chief executive Roger Brosch says: “Helen will be a very strong and complementary addition to the executive team, as we prepare for growth.

Lovett says: “I am excited to be joining a team and a business which is really working towards growth. These are both challenging and exciting times for the sector, and Foster Denovo is well placed to embrace the changes ahead.”


Euro loan directive delayed to make more amendments

The European parliament’s economic and monetary affairs committee has delayed the vote on its proposed final text for the European mortgage credit directive until May 8. The European Commission’s directive includes a wide range of proposals about the advice process, the buy-to-let market and the future of the key facts illustration. The European Econ committee […]


MM Leader: Blanket FSCS approach raises concerns

Lawyers acting on behalf of the Financial Services Compensation Scheme sent letters last week to 162 firms who recommended two tranches of Keydata Lifemark products in a bid to reclaim industry costs paid out to investors. The move follows similar letters sent late last year to over 500 firms who advised clients to invest in […]

Fitch: Solvency II will pull rug from under securitisation recovery

Solvency II risks damaging the recovery of the European securitisation market and further undermining the ability of banks to lend, according to the credit ratings agency Fitch. Solvency II sets out rules for how much capital insurers have to hold against various assets depending on their risk and duration. In a new report, Fitch estimates […]

IMA chief wants UK support for Prips plan

Investment Management Association chief executive Richard Saunders has urged UK industry representatives to back the European Commission’s proposals to improve disclosure of charges in financial services. The EC’s packaged retail investment products directive is set to force providers of retail investment products to disclose information to investors in a standardised key information document. In April, […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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