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Idol threat?

Sounds like fun in store at the Jersey-based Active Asset Management property investment fund AGMs.

Boasting a bunch of celebrity investors such as Simon Cowell (pictured right), Sir Alex Ferguson and Sir David Frost, the board can expect a roasting if returns are anything less than top drawer. With Simon’s brother Nick a member of the fund’s advisory panel, the Diary wonders how the sibling relationship will play out if things go wrong. Perhaps: “If you had been investing like this 2,000 years ago, people would have stoned you.” l “Did he cut it himself?” – Lifesearch’s Linda Tyson raises the question on everyone’s mind with regard to MM editor’s latest haircut.

l “Oh, I’ve forgotten his name.” – West Brom’s Roger Smith getting his presentation off to a flying start.

l “I would like to open up a chain of brothels but wouldn’t because it’s not legal.” – Skipton CEO John Goodfellow.

l “Excuse me, do you have anything with which I can tie myself to my friend?” – Yorkshire Building Society’s Tanya Jackson preparing for a three-legged fun run apparently.

l “More customers are aware of the magnetic polarity of the earth than they are of depolarisation.” – Legal & General group director (product and corporate) John Pollock laments the consumer knowledge gap.Any Out of Contexts or Diary stories? Send them to Diary editor James Phillipps, email: or tel: 0207 943 8035


Lifetime’s experience

The FSA’s regulations have undoubtedly been a major burden on those operating in the lifetime mortgage sector. This is endorsed by many product providers as well as our own experience.

Drawdown drawbacks

Client fund size is the main barrier to recommending drawdown to clients, according to a GE Life survey conducted in association with Money Marketing.

Barclays takeover of Absa to change SA banking landscape

Standard & Poor have said the Barclays acquisition of Absa could change the competitive landscape of the South African banking sector.If the partial takeover is completed, the acquisition of up to 60 per cent in Absa would result in Barclays re-entering the sector in South Africa and would become the countrys largest international player.Standard & […]


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