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Honours listless

The Diary swelled with pride last week at the announcement that no less than 17 people involved in the financial services industry were honoured in the Queen&#39s New Year&#39s honours list.

And only seven of them were employees of the Department for Work and Pensions, which means 10 genuine financial industry notables got merits for their work in the industry. Ok, well if you take out other civil servants such as post office and Treasury employees or Government committee members, you are left with three. Nice to see the private sector so well thought of in comparison to the public sector.

But that&#39s still an excellent showing for such an influential industry like ours. Although to be fair, Ecclesiastical Insurance Group chairman Mark Cornwall-Jones received his honour for services to the church so he only counts for a half.

Still, that leaves us with one-and-a-half more honours than cheese graders and hairdressers received and for that the industry should be proud.


Standard stand-off leads to mutual review

Standard Life is taking the first step down the road to demutualisation after six weeks of bruising negotiations with the FSA over its financial strength, with a recommendation of whe-ther it should float expected by the summer. In a shock move which sees Standard chief executive Iain Lumsden stepping down to make way for Standard […]

Does HL have the credentials to be a tipster?

I have been interested to note the amount of exposure that Money Marketing has given over the last few weeks to the wealth list published recently by Hargreaves Lansdown. The wealth list, for anyone not having read Money Marketing of late, is Hargreaves Lansdown&#39s list of the 150 funds it considers to be worthy of […]

FSA cuts FSCS funding

The FSA is cutting operational funding for the Financial Services Compensation Scheme by 4.8 per cent to £11,839,000 from 12,435,624. The regulator says the cut is due to increasing efficiency within the compensation scheme. FSCS head of finance Nick Gooderham says the reduction in the scheme&#39s management expenses levy reflects further savings made by the […]

Standard will be better off as a plc say Wentworth Rose

IFA Wentworth Rose believe Standard Life will be better off as a plc and that mutualisation has been the driving force behind its present problems. Wentworth Rose chief executive Philip Rose says today&#39s action by Standard Life was inevitable. He says Standard Life “really got it wrong” on the equity market in 2002 and has […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


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