Charles Knight has left Morgan Stanley where he was a non-executive director, after facing pressure from the board over his earlier opposition to the appointment of chief executive John Mack.
Financial services is finally on its way out of the “industrial revolution” it has been struggling through and the future looks bright, accord- ing to Millfield chief executive Paul Tebbutt. Tebbutt says financial services is the “powerhouse” of the country, being the biggest single contributing industry towards the UK’s GDP, and he sees increasing flexibility […]
Millfield Group has doubled its turnover and predicts it will be trading profitably by October. Its confident outlook comes despite a 18.2m loss in the year ending March 31. Turnover leapt to 85m from 41.9m in the previous year, boosted by the merger with Inter-Alliance. However, the 8m costs of integrating Inter-Alliance are blamed for […]
Prudential and Bradford & Bingley say the FSA’s announcement on endowment-chasing companies will not affect their decision to avoid dealing with these firms. A statement from the FSA last week emphasised that an endowment complaint can be brought by any person authorised by the complainant or authorised by law. It said good practice in this […]
Our industry finds itself forever evolving through different Governments, rules, regulations and, dare I say, scandals.
Matt Shafer, head of international distribution at Natixis Global Asset Management, tells Ignites Europe how he sees distribution changing in different European markets. Read the full article here:
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology