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Lumsden to take over at Standard

Standard Life chief executive designate Iain Lumsden will take the reins of the mutual from December 15 following the retirement of current chief executive Jim Stretton.

Group managing director and mutuality stalwart Scott Bell will not step down until March 2002 after more than 40 years at the life office, after which Lumsden will take over responsibility for the whole group.

Standard Life Investments chief executive Sandy Crombie will become deputy group chief executive. His replacement for the investment business has yet to be announced.

General manager (marketing) John Hylands is to become group finance director and assistant general manager (marketing) Simon Douglas will be come managing director (marketing). Current group finance director and appointed actuary Lumsden was named as Bell&#39s successor in July.

Lumsden says: “These chan-ges represent the next step of management restructuring following the announcement in July of the retirement of Scott Bell and Jim Stretton.”


Chase de Vere Investments appoints marketing director

IFA Chase de Vere Investments has appointed Dave Newman to the new role of director of marketing. Newman joins from Britannic Assurance where he was head of marketing and channel management. Chase de Vere, which has140 RIs, says the appointment is designed to keep the firm at the forefront of financial services during a time […]

Mortgage Next targets £2bn business for 2001

Mortgage Next has anounced it completed £1.6bn of lending business in 2000 and it expect this figure to exceed £2bn in 2001.The company is now moving to new premises twice the size of their current headquarters in Caterham, Surrey. The extra space will make room to increase the new business team as it embarks upon […]

Business sense

Creating and realising value in the IFA sector can be an extremely stimulating and rewarding activity, particularly in such a changing market with significant and major opportunities for growth.As the race for growth and business consolidation accelerates, many IFA companies, both big and small, may be looking for suitable acquisition opportunities.Buying a business can be […]

&#39Consumers do not know they pay IFA commission&#39

Many consumers do not understand they pay for their advisers&#39 commission through charges, believing providers pay the costs of remuneration, according to Ron Sandler.Responding to IFA questions in this week&#39s Money Marketing, the man heading the ongoing review into medium-term and long-term savings, which covers the impact of commission bias, says the complexities of commission […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]


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