View more on these topics

L&G chief exec stays on in boardroom reshuffle

A boardroom reshuffle at Legal and General will see chief executive David Prosser remain a further two years and corporate business director Andrew Palmer replace Tony Hobson, who is retiring as after 13 years, as finance director.

The shake up means Prosser who was due to retire in 2004, will now stay on until 2006.

He will spearhead the launch of L&Gs stakeholder pension in April 2001 and is aiming to obtain a 10 per cent share of the stakeholder market for L&G.

Palmers former role will be taken up by retail business group director Robin

Phipps and highlights L&G&#39s commitment to promoting junior executives.


October mortgage lending down 20%

Mortgage lending slumped by 20 per cent last month compared with the same period last year, according to figures from the Council of Mortgage Lenders.The monthly CML and Department of Environment, Transport and the Regions survey found loans for home purchase fell in October to £163;6.1bn from £163;6.4bn in the same month last year.Despite the […]


I have just read a newspaper article about a mother who is petrified about her baby&#39s wellbeing. Not because she is a bad mother but because all the “experts” tell her that, whatever she does, however inn ocuous, it is putting her baby&#39s life at risk.The latest scare for her was that kissing a child […]

&#39Myners does not go far enough&#39

Interim proposals from the Myners Review into institutional investment for def ined-benefit pension schemes do not go far enough, according to experts.Gartmore chairman and chief executive Paul Myn ers is making a number of key recommendations, inc luding the abolition of the minimum funding requirement for DB occupational plans. He says the assump-tions made under […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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 advice.

    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