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Gifford to take over Old Mutual extra income

Old Mutual extra income fund manager Leonard Klahr is to retire next March and will be replaced by Michael Gifford, who becomes joint manager at the end of June.

Gifford has been deputy manager of the AA-rated fund since 2006 and will take sole responsibility in January 2009. He will continue to manage the A-rated equity income fund.

Old Mutual says there will be no change in approach for the fund which has slipped into the fourth quartile. The fixed interest element will continue to be managed by corporate bond fund manager Stephen Snowden.

Business development manager John Morrison says: “Leonard has been a valued member of the investment team. We are very fortunate in being able to hand over the fund to Michael Gifford.”


7IM gives multi-platform views

Seven Investment Management has introduced a facility which allows customers to see their investments with Cofunds and Fidelity FundsNetwork on the 7IM platform.

Just the ticket?

PruProtect has added cheap Eurostar tickets and cinema discounts to the range of benefits for some policyholders. Is the future for the protection industry going to be money-off vouchers and other sales incentives as a way of combating declining sales?

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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