Liverpool Victoria Life head of sales and marketing Rod Macdonald has left the company after seeing his role reduced following the takeover of protection specialist Permanent Insurance by the friendly society. Macdonald is the fourth senior member of the old Permanent team to leave following former managing director Andrew Chapman taking a job with the parent company, and former head of customer service Alan Ord and former head of national accounts Phil Calvert departures in August. Permanent's appointed actuary Nick Foster, the last remaining Permanent senior player, is due to leave Liverpool Vic in November. Macdonald says Permanent is being absorbed completely into the larger company much more than was expected.
Teather & Greenwood is buying Escalon Investments from Rathbone Brothers in a deal that could be worth up to £2.4m.The stockbroker is paying £150,000 up front for the 5 member corporate finance team, with additional payments related to profits.Teather & Greenwood chief executive Ken Ford says: “The acquisition of an established and respected regional team […]
Royal Bank of Scotland International has unveiled a guaranteed growth bond that is available in either sterling or dollars.The sterling-denominated version of the stepped growth bond is linked to the performance of the FTSE 100 index during a three-year term and the dollar-denominated version tracks the performance of the S&P 500 index.UK expatriates and people […]
The Institute of Financial Planning and the LIA are running workshops in November to encourage more people to become paraplanners. They will focus on the how paraplanners can add value to an IFA's business, the qualifications required, creating and implementing a financial plan and career paths. The IFP says the number of clients requiring a […]
Last week, I looked at the services Skandia is making available to IFAs to help populate their own websites. The first fund supermarket to launch tools to populate IFAs' own websites was Fidelity's FundsNetwork.It is nearly a year since it launched this facility initially via The Exchange, which would offer a standard version of FundsNetwork […]
Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery.
In the video, Burnett addresses the following:
• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk
- Top trends
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