View more on these topics

Mandelson to make Cabinet comeback as Business Secretary, say reports

Peter Mandelson is set to return to the cabinet as Secretary of State for Business, according to reports.

The Prime Minister Gordon Brown is currently reshuffling the cabinet following the resignation of Ruth Kelly as Transport Secretary and full details have yet to emerge.

It is understood that Mandelson, who was forced to leave the Government under Tony Blair, is set to return to the cabinet for the third time in his political career.

It is reported that John Hutton, the current Business Secretary will become Defence Secretary and Des Browne will leave the Government.

It is not yet known if there will be any changes to the role of Secretary of State for Work and Pensions James Purnell, but reports claim he is likely to remain in his position.

The Chancellor Alistair Darling is expected to remain in his role and there are rumours that Housing Minister Caroline Flint is to be replaced by Margaret Beckett.

It is thought Flint may take up Ed Milliband’s position as Cabinet Office minister as he moves to take charge of energy and climate change.


FSA warns on Sipp advice

The FSA is warning firms they must ensure they give consumers suitable advice about transferring built-up national insurance rebates into self-invested personal pensions.

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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