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Govett dissident fund manager resigns after appeal fails

Govett Investments fund manager Rupert Walker has resigned after not being returned to his old job after appealing his dismissal.

Walker was sacked for gross misconduct following his public criticisms of split capital investment trusts and the level of cross holdings between them

In an internal appeal of the dismissal, Govett upheld the decision but accepted it had been too severe as Walker’s "genuinely held views were not expressed with malicious intent against the company". He was offered alternative employment but was not reinstated as a bond manager.


Scottish Life boosts extranet site to offer online pension admin

IFAs will be able to download real-time pension fund illustrations from Scottish Life as it revamps its extranet site if@plus.The new services provided by 1st Software are designed to simplify time-consuming processes by giving IFAs the tools to establish, monitor and administer pensions online.ScotLife has developed three new services to help IFAs, including a facility […]

Ombudsman publishes booklet for financial services industry

The Financial Services Ombudsman is launching a booklet aimed at IFAs, insurers, banks and building societies, explaining its role and how it resolves disputes.The booklet sets out how firms should handle complaints before the ombudsman gets involved, the types of complaint the ombudsman can deal with and how the process works.Chief Ombudsman Walter Merricks says: […]

Ainsworth Says Sandler review is biased

Threadneedle deputy chairman Alan Ainsworth has launched a scathing attack on the Sandler consultation, saying it is misfocused and biased.Speaking at Cadogan International&#39s annual unit trust and investment fund conference on Tuesday, Ainsworth said the Sandler consultation had focused on three examples of market inefficiency – lack of consumer experience, IFA domination and obscure products.But […]

Stoxx 50 the key for GE Life

GE Life has introduced the balanced income and growth plan, the latest in its series of guaranteed equity bonds.Clients can choose to take either a guaranteed annual income of 8 per cent or monthly income of 0.64 per cent for the five years of the term of the bond. Alternatively, they can choose the growth […]


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