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Harrison slams Suisse

Threadneedle head of UK equities Leigh Harrison has slammed Credit Suisse for not making the most of Bill Mott during his time at the firm.

Harrison, who succeeded Mott on Credit Suisse’s income funds, says the firm had one of the best fund managers working for it for the past 25 years but “singularly failed to exploit the opportunity to expand the retail side of the business.

He says he found the working environment unconstructive and that he and Mott had similar frustrations. He says: “One thing that Bill and I had in common is that we both realised that performance is the primary goal. We are fund managers first and last and our aim has always been to get the best possible returns for clients.

“One of the reasons I feel we both left Credit Suisse was that we both had a lot more to give and that we could do that somewhere else. In the end, I left after inheriting the income franchise and defending it quite successfully but there was precious little opportunity to take the business forward.”


Quality purveyors

Richard Fox, chief executive of the Society of Mortgage Professionals, says competence, qualifi-cations and informed advice are vital qualities in the equity-release sector.

Mugs game

Thanks, we think, to marketing agency Space01, which could well win the prize for most difficult to use PR gift to a newsdesk so far this year. (I know, it is only February).Two members of the newsdesk got lovely but somewhat confusing gifts in the form of Space01 mugs, with the handles on the inside. […]

Trail and retribution

The pressure is also mounting on Paymentshield to reverse its decision to stop paying trail commission to advisers no longer regulated by the FSA.

Means test clash is threat to IFAs

The issue of advice on pension personal accounts has been thrown into further confusion after the FSA and the DWP issued conflicting messages to advisers about their duty to consider the means-testing entitlement of clients.The Department for Work and Pensions has warned advisers they would be “extremely irresponsible” to recommend that clients do not enter […]


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