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Fund managers defect to Investec

Three fund managers have defected to Investec Guinness Flight from rival fund manager Schroder Investment Management.

The movers are Jeremy Rigg, Michael Rimmer and Nigel Dutson. They were among the 24 of 40 Schroder fund managers who avoided the axe in a reshuffle at the company last week.

Rigg took over as head of Schroder&#39s £390m UK Growth Investment Trust this year. Rimmer managed £2.5 bn for 21 pensions and charities. Dutson managed funds worth £2bn.


NCC call for clarity

The National Consumer Council is calling for greater transparency from financial services companies when they collect website user&#39s personal data.In a report the NCC said all websites should show easy-to-understand statements on their collection and tracking practices to protect the consumer privacy.The watchdog is asking for comments on the report by March 2000 and ultimately […]

Eversheds links up with Dutch firm

Law firm Eversheds is joining forcing with Dutch firm Boekel De Neree.The firms plan to merge within the next three years, with 250 BDN staff joining forces with 3,300 Eversheds employees, greatly increasing its legal workforce available to clients across Europe.BDN managing partner Els Swaab, said; “We believe in joining one of the world&#39s largest […]

Halifax hits 1m Isa sales

Halifax claims to have sold more than a million Isas since the new savings and investment vehicle was launched in April – cornering a quarter of the whole market share.The Pep and Tessa replacement sales are believed to have now topped 4m.The vast majority of those sold have been cash Isas.

Cracks in Egg

Egg admitted to a serious crack in its security yesterday.The Prudential-backed web site says it had a serious flaw three weeks ago, which allowed strangers full access to Egg credit card accounts when users believed they had logged out.The security glitch particularly affected customers accessing their accounts at internet cafes and workplaces, as anyone could […]


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