View more on these topics

MacLeod to head Skandia&#39s UK Oeic business

Former Investec managing director Jamie MacLeod has resurfaced as MD of Skandia Investment Services.

The role will see MacLeod head Skandia&#39s UK Oeic business which has £450m under management. Skandia says MacLeod, 34, will help drive its multi-manager proposition which it claims to have pioneered in the UK.

After his sudden departure from Investec three months ago, MacLeod said he quit to spend more time with his family.

He will report to investment director Jim Roberts and take a place on the investment committee which Skandia says is its main decision-making body responsible for hiring and firing fund managers.

Skandia Life managing director Alan Wilson says: “Jamie&#39s excellent reputation and industry experience mean he is well positioned to help us develop our leading multi-manager proposition still further.”

Chartwell Investment associate director Patrick Connolly says: “This will be a difficult job as Skandia appears to have lost its way, perhaps because of their higher charges. They have not been out there promoting their products so I can see why they would want to bring in some new blood like Jamie, who is a known name.”


Fidelity&#39s Bolton steps down from European fund

It is believed Fidelity star fund manager Anthony Bolton is stepping down from one of the three funds he manages for the world&#39s largest fund manager. Bolton will stop running the European Growth Fund for Fidelity but will continue to manage his two UK funds.

FSA will take new look at WP reforms

The FSA is to produce a comprehensive consultation aimed at bringing its with-profits reforms into line with Sandler&#39s recommendations for ringfencing life funds and distributing orphan assets.Speaking at its AGM in London last week, chairman Howard Davies described Sandler&#39s proposals as radical and said the FSA would have to manage a transition carefully, including the […]

Invesco Perpetual beefs up UK sales force

Fund manager Invesco Perpetual has announced it is expanding its UK sales team with the appointment of Kevin Mordrick, who joins from Alliance Capital International.At Alliance, Mordrick was UK sales director for the UK and Channel Islands. Prior to that he spent eight years as a sales account manager with Perpetual.He takes up his new […]

&#39Little impact&#39 from housing boost

Deputy Prime Minister John Prescott&#39s plans to spend £1.1bn on new housing in the South-east to reduce shortages and ease affordability for key workers will have a minimal impact on house prices in the short term, according to IFAs.Up to 200,000 new homes will be built in the South-east using some of the £4.7bn earmarked […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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