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JP Morgan promotes Crinage investment trust head

JP Morgan Asset Management has promoted Simon Crinage to head up its investment trust business with immediate effect.

Crinage will report to head of UK funds management Jasper Berens and replaces David Barron, who left the firm earlier this year.

Crinage says: “The regulatory landscape changes caused by the implementation of RDR should also open up opportunities for the sector to reach the independent financial advice market, where it has historically been under-represented, and I look forward to leading the business in this new distribution era, as well as continuing to serve our more traditional client base.”

Crinage has been with the firm for 28 years, more than 10 of which have been within the investment trust team.


Advisers welcome Govt auto-enrol simplification plans

Advisers have welcomed Government efforts to simplify automatic enrolment regulations for small businesses although concerns remain about the cost and complexity of complying with the rules. Last week, the Department for Work and Pensions proposed a series of changes to auto-enrolment regulations designed to make the reforms less burdensome for small and medium-sized firms. Firstly, […]


Martin Wheatley hints at tackling indy/restricted confusion

Financial Conduct Authority chief executive Martin Wheatley has hinted the regulator may look to tackle confusion over independent and restricted advice. In an interview with the Financial Times, Wheatley said the regulator had received negative industry feedback over independent and restricted advice definitions. He said: “We certainly had quite a lot of complaints to us, […]

House prices rise 1.2% quarter-on-quarter

The average house price rose 1.2 per cent between the fourth quarter of last year and the first quarter of 2013, according to the latest Halifax house price index. The average price in the first quarter was £163,488 compared with £161,454 over the last three months of 2012. This is the fourth consecutive quarter-on-quarter increase […]

Incentive plan pushes Standard Life chief’s pay up to £5m

Standard Life chief executive David Nish saw his overall pay reach £5m for 2012, including £2.8m relating to the firm’s long-term incentive plan. Nish’s total pay for 2012 included a base salary of £775,000, a £1.2m annual bonus and £2.8m related to the group’s long-term incentive plan which is due to vest in June. Nish’s […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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