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JS&P Towry Law appoints Jones as non-executive chairman

Leading IFA firm JS&P Towry Law has appointed Glyn Jones as non executive chairman of the group.

Jones was most recently chief executive of Thames River Capital (2005-6) and prior to that chief executive of Gartmore Investment Management from 2000 to 2004.

Before Gartmore, Jones was chief executive of Coutts Group and ran Standard Chartered’s international private bank between 1994 and 1997.

Towry Law was acquired by JS&P in May 2006 giving the group combined annual revenue in excess of £50m and more than 150 qualified advisers.

JS&P Towry Law chief executive Andrew Fisher said: ” Glyn’s considerable experience in wealth management and professional services will strengthen the governance of our business and help guide us strategically and practically as we integrate our business and implement our new business model.”


Sheffield Mutual offers income bond

Sheffield Mutual is launching a with-profits income bond alongside its investment bond. Clients will be able to withdraw between 2 and 5 per cent annually. Minimum investment is £10,000 and maximum is £50,000.

NU to go ahead with reattribution plan

Norwich Union parent Aviva looks set to press ahead with plans for the reattribution of the inherited estate of two of its with-profits funds. Clare Spottiswoode has been confirmed as policyholder advocate but no final deal is expected until at least 2008.

GI firm pledges to continue paying trail cash after retirement

Former Paymentshield marketing director Gareth Riding is setting up a general insurance firm which he says will keep on paying trail commission to advisers when they retire.Riding, son of Paymentshield joint founder Richard Riding, says the company is likely to start trading early next year. It will offer a similar product range to Paymentshield, which […]

Aviva considers reattribution of inherited estate

Aviva is continuing to pursue the possibility of a reattribution of the inherited estate of two of its with-profits funds and has appointed Clare Spottiswoode as policyholder advocate.Spottiswoode will represent policyholders and the role was created under new FSA rules governing reattribution but at this stage no decision has been made to proceed with a […]

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


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