Mansfield Building Society is celebrating two of its figureheads reaching their 40th and 25th anniversaries with the firm.Product manager Pete Doherty, not to be confused with the Babyshambles star, has been working at Mansfield for 40 years while chief executive David Fisher has clocked up 25 years. Staff celebrated in true mutual style by sitting in a square and crossing their legs – none of that fancy Champagne and caviar.
The director of the Association of British Insurers’ Raising Standards initiative, Martin Shaw, has left the organisation. Director of consumer strategy George Hodgson is heading the customer impact scheme, which has replaced Raising Standards. Shaw is now a freelance consultant.
Birmingham Midshires has launched a new direct savings account with a rate of 4.75 per cent, looking to challenge the likes of ING.The account has been launched with the promise that it will pay 0.25 per cent more than the popular ING Direct Savings account until 1 August 2008.But Moneyfacts.co.uk warns that conditions in the […]
F&C has appointed Terry Coles as alternate manager to Sophie Horsfall for its international funds.Coles joins from Morgan Stanley Asset Management where he was most recently junior portfolio manager for global equity in its private wealth management business.Director of global equities and fund manager of the F&C stewardship international fund Sophie Horsfall said: ” Terry […]
Bright Grey products director Roger Edwards says the protection industry has neglected income protection and consistently failed to solve problems with the product. Edwards says that despite the industry being aware of flaws in income protection, the Association of British Insurers has focused on critical-illness cover instead. He says it needs to look at alternative […]
Amanda wrote recently about those clients who need a little tough love – the ones who arrive at your door knowing how much cover they want and why they want it. What they seldom know is how much cover they actually need, what type of cover they should choose and the range of benefits available in the market. […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]