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Guaranteed Bond?

In the murky underworld of financial services, it appears there may be a MI5 agent operating in our midst.

Former civil servant, FSA press officer and now NAPF PR manager Andy Fleming has confessed to the Diary that in his early days working for the Government he was considered for a job with the secret service.

After taking his civil service exams in the mid-1980s, he was approached by the Department of Defence for an interview at an unmarked office in Tottenham Court Road in London.

While he insists he did not get the job because he did not attend the right school or some other spurious reason, one wonders if the fact that he shares his surname with one of Britain&#39s most famous spy novelists and James Bond creator Ian Fleming is merely a coincidence?

So tell us, Andy, are you really working in the interests of UK pension funds or are you actually employed in subterfuge?


Drained by drawdown

It is now several years since we set up my self-invested personal pension with income drawdown. I thought I understood the risks at the time but I am now extremely concerned about how the latest stockmarket falls are affecting my funds and, probably more important, my future income. Are there any steps I should be […]

Inflated property prices worry prospective buyers

Nearly a quarter of prospective homebuyers worry about overstretching themselves financially while worrying about paying an inflated price for a property is a concern for 22 per cent of homebuyers.A survey by Kensington Mortgages of 1,000 new homebuyers shows that 23 per cent are worried about overstretching themselves compared with the fear of losing their […]

Jupiter withdrawn from sale

Jupiter is no longer up for sale, after German parent Commerzbank said it was impossible to achieve a good price for the UK fund manager in the current market conditions.Commerzbank will pursue a strategy of selling Jupiter products through its distribution networks in Continental Europe. It paid £670m for Jupiter in 1995, but despite buyers […]

Pensions shortfall hits £70bn says Watson Wyatt

A 20 per cent fall in the UK stockmarket since the beginning of the year has pushed UK companies&#39 pensions funding an estimated £70bn into the red.Research from actuarial consultant Watson Wyatt shows the companies in the FTSE 100 have a £35bn deficit in their pension funding under new accountancy standard FRS17, with all UK […]


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