View more on these topics

Greg Hands replaces Danny Alexander as Treasury chief secretary

Conservative party whip Greg Hands has been named as chief secretary to the Treasury, replacing Liberal Democrat Danny Alexander.

Hands has served in the Tory whip office since 2011, but was handed his new role as part of today’s Cabinet reshuffle.

As chief secretary, Hands will be the second most senior MP in the Treasury, responsible for spending reviews and public sector pay and pensions.

The move represents a substantial promotion for the Chelsea and Fulham MP, who has been in Parliament since 2005.

In opposition, Hands sat in select committees overseeing the office of deputy prime minister, and communities and local government.

Prior to his time in Parliament, Hands spent eight years working in banking in London and New York.

Re-elected last week, Hands secured a slightly diminished majority of 39.8 per cent, down from 42 per cent in the 2010 election.

Recommended

Question marks-confusion-puzzle

EU changes to KFI will spark consumer confusion

European changes to the Key Facts Illustration document will create “confusion” among borrowers and could prevent them from comparing deals from different lenders, say experts. The mortgage credit directive comes into force on 21 March 2016 and replaces the KFI in the UK with a new European standardised information sheet. The FCA has given lenders […]

Aviva-signage-building-2013-700.jpg

Hermes poaches Aviva exec for real estate arm

Hermes Investment Management has appointed Aviva’s head of European retail funds, Philip Nell, as fund director for the company’s real estate unit, Hermes Real Estate. He will join the £6bn real estate arm on 20 July and report to to Hermes Real Estate chief executive Chris Taylor. Nell will also work as fund manager of the UK Private Rental […]

Steve-Bee-MM-700.png
8

Steve Bee: The golden age of pensions is well and truly over

There was a time when announcing a pension seminar was a sure fire way of emptying a room. Today things are different. Pension seminars are packed to the rafters with people absolutely hooked on getting details of the new freedoms. How times change. While I am pretty happy with the way this has turned out […]

Kevin-Ronaldson-BellPenny-700x450.jpg

Bellpenny acquires two more advice firms

Adviser consolidation firm Bellpenny has completed two further IFA acquisitions for an undisclosed sum. The deals, for Caledonia Edinburgh Limited and Midlands-based firm Rawson Steele IFA, add £84m in funds under management to Bellpenny. The business as a whole is now responsible for over £3bn in investor funds. Caledonia Edinburgh adviser Lynn Healy will transfer […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com