View more on these topics

Kelly promoted to financial secretary

Treasury economic secretary Ruth Kelly has moved up the ministerial ladder to become financial secretary, but she will retain responsibility for retail financial services.

Kelly is replacing Paul Boateng who is taking over for Andrew Smith who earlier today was promoted to Secretary of State for the Department of Work and Pensions.

Completing today&#39s cabinet reshuffle, it was announced earlier former DWP secretary of state Alistair Darling is to move over to the Department of Transport from the disgraced Stephen Byers who resigned yesterday.

Kelly has been promoted to a minister of state position, but her duties will remain the same.


Lenders&#39 anger at £30k fee to join Misys panel

Lenders are blasting Misys Lending Service, the mortgage network launched this month, for demanding an annual fee of £30,000 to become a premier lender on its panel.Specialist lender Verso says firms are being asked to pay this fee to be a premier panel member and in return they get marketing and promotional services that other […]

Fund carousel spins on with three out and three in at Morley

The fund manager merry-go-round continues apace, with Morley Investment Managers the latest company to be hit after losing three top managers to Clerical Medical Investment Management.Head of European equity and £20m European focus fund manager Ian McNeill, segregated mandates manager David Headland and UK head of institutional investment Ian Brown have all decamped to HBOS&#39s […]

Nationwide profits fall by third but lending share recovers slightly

Nationwide Building Society saw its profits plummet by £109m to £233m in the year to April 4.But it achieved a 3.1 per cent share of net residential mortgage lending, up from 0.2 per cent at the half-year but down from its 9.1 per cent share in 2001.The society attributes this growth to its fair pricing […]

Hartnell leads Consifa drive

IFA group Consifa has appointed Ian Hartnell from top 20 accountancy firm Smith & Williamson to head its acquisition and recruitment arm.Hartnell will become managing director and will spearhead Consifa&#39s drive to recruit IFA firms to create a national IFA. He specialised in corporate pensions at Smith & Williamson.Consifa is in the final stages of […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm