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Gale’s Aegon move

Aegon has appointed Patrick Gale as executive chairman of distribution. Gale was chairman of Aegon’s distribution companies board.

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Fisher defends no-deal covenants

Towry chief executive Andrew Fisher has denied that the firm is “the enemy of the consumer” due to the 12-month non-dealing covenants it imposes on its advisers. Fisher was being questioned in the High Court in London this week by the legal team representing Raymond James and seven of its advisers, formerly of Edward Jones, […]

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Peter Hicks to leave Fidelity

Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years. Hicks is stepping down next month with William Russell taking on the role in the interim while Fidelity looks to appoint a permanent successor. Hicks joined Fidelity in 2003. It is understood that he is taking time out from […]

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Two jailed for part in £50m mortgage fraud

Two men have been jailed for a total of 20 years at Southwark Crown Court after admitting their role in a £50m mortgage fraud. Saghir Ahmed Afzal was sentenced to 13 years in prison after pleading guilty to two counts of conspiracy to obtain money transfers by deception and four counts of obtaining money transfers […]

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FSA sticks up for MAS “free advice” advert

The FSA says it fully supports the Money Advice Service’s controversial TV ad despite a barrage of criticism from IFAs concerned about the message it sends to the public. The 30-second ad, part of a £4m campaign, began airing last week and includes a voiceover which states: “Our advice is independent and unbiased. Oh, and […]

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