A House of Lords select committee has been set up to investigate the FSA. The probe will explore the working methods of the regulator and their effectiveness.
Barclays Wealth has appointed Alexis Xenophontos as the chief operating officer of its investment & product office. Xenophontos joins Barclays Wealth from the investment solutions division of UBS Global Wealth Management & Business Banking. He will commence the new role on February 1 2007 and will report to the firm’s chief investment officer and head […]
Misys says it is expecting Sesame’s network to see a drop-off in numbers in favour of multi-tie proposition Sesame Select.The group, which last week issued its interim results for the six months to November 30, 2006, says there are curr-ently 1,450 registered individuals signed up to Sesame Select and it expects this will lead to […]
Fundsnetwork is amalgam-ating its sales and market-ing teams. Head of sales Simon Burgess and north regional sales manager Jacki Platt are leaving. Head of marketing Rob Fisher will run the team and further job cuts are expected.
The Financial Services Compensation Scheme is pursuing precipice bond providers for up to 30m in an effort to recover cash paid out on misselling claims where the adviser firms have gone bust.Letters have been sent to relevant providers in the last month, signalling the FSCS’s intent to recover the money it has paid out to […]
New research has proven the positive impact that protection, health and wellbeing (PH&W) benefits have upon a business.
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Outgoing St James’s Place chief executive David Bellamy is to join Weatherbys Bank as chairman. Bellamy announced his resignation from SJP in February. He has been chief executive for 11 years. Bellamy will be replaced at SJP by the firm’s chief financial officer Andrew Croft, while chief risk officer Craig Gentle will step in to […]
The decision to abolish indexation relief on corporate capital gains will have a major impact on many advisers and their clients
The global economic rebound looks set to continue, providing a comfortable environment for equities to thrive