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Kempster back at Pru as IFA head

Former DBS chief executive Tony Kempster is rejoining Prudential in thenew role of distribution director for its intermediary business.

The reorganisation, driven by Scottish Amicable chief executive Kim Lerche

Thomsen, is set to leave current group sales director John Cowan without a

role. Other senior positions are expected to be scrapped.

Kempster will head Scottish Amicable Financial Services, Pru&#39s new

distribution firm.

He headed Prudential&#39s IFA division for seven years until 1995. He joined

DBS in 1998 and left in a shock departure in November last year.

A previous reshuffle by Thomsen in December last year saw one-time ScotAm

heir apparent Gavin Stewart made redundant. Former Pru Annuities head

Thomsen had been a surprise successor to Roy Nicholson as ScotAm&#39s chief



Kelly to announce date for N2

Economic secretary Ruth Kelly is expected to announce today the date for N2, the day the FSA will receive its statutory authority.Most industry commentators expect a date in November for N2.

Building Societies&#39 business volumes up says CBI/PWC

Building societies saw their volume of business rise at the fastest rate since December 1996 according to the most recent quarterly financial services survey from PricewaterhouseCoopers and the Confederation of British Industry.This was in sharp contrast to banks, life offices and fund managers all who saw their levels of business decline. The survey also reports […]

Premier c-lects cautious approach

Premier Portfolio Managers has added the cautious portfolio to its C-lect portfolio management service.The C-lect portfolio service already offers the balanced portfolio for low-risk investment, the growth portfolio for medium risk and the enterprise portfolio for investors who want to take higher risks.The cautious portfolio aims to provide a lower risk fund than the existing […]

Mortgage medicine

Research by NOP for the ABI found that one person in five believe they canrely on the Government for financial support with their mortgage if theywere unable to work. What they did not realise was how long they would haveto wait. Whether buying a new home or remortgaging, borrowers whose loanscompleted on or after October […]

Is volatility dead? No, sell credit

There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]


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