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Govt starts hunt for Carney’s successor at BoE

Mark-Carney-close-up-focused-700.jpgThe government has started looking for a new Bank of England boss to replace Mark Carney (pictured) when he steps down next year.

The Canadian governor will have been in the post for six years when he leaves Threadneedle Street on January 31 2020.

For the first time the government is using a recruitment to head-hunt someone for this £480,000-a-year role, according to the BBC.

The salary has remained unchanged since 2013 and the job description is expected to be posted on the Bank’s website later today unchanged since 2013.

It will call for candidates who are able to lead “a complex and powerful financial institution”.

Interviews are set to take place this summer and the appointment made in the autumn.

Candidates currently tipped for the role include Bank Deputy Governor Ben Broadbent, Chief Economist Andy Haldane, Former Deputy Governor Andrew Bailey and former Monetary Policy Committee rate-setter Nemat Shafik, according to the BBC.

The ex-boss of India’s central bank, Raghuram Rajan is also being touted as a possible contender.


Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


How to become a financial adviser: diplomas, degrees and workplaces

Information on how to become a financial adviser is sparse. Money Marketing speaks to advisers about what the requirements really are and how best to meet them. Speaking to financial advisers and planners today, each will have a unique and varied story about how they entered the profession. There are more than a handful of pathways […]

Quilter pension transfer business drops by two thirds

Quilter’s defined benefit to defined contribution sales dropped by two thirds in the first quarter of 2019. Pension transfers sales brought the wealth manager £0.2bn, compared to £0.6bn in the same period last year. In a stock exchange announcement from this morning, the company said this drop reflects Quilter’s attitude towards this “source of new […]

Baillie Gifford transfers £1.3bn to Hargreaves Lansdown

Baillie Gifford is set to transfer its investment trust savings scheme to Hargreaves Lansdown. The scheme, which includes its Isa, Share Plan and Children’s Savings Plan, is being moved as Baillie Gifford says the long-term interests of the plan holders will be “best serviced” by a transfer of investments to the the direct-to-consumer platform. More […]


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