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Merrill Lynch appoints new fund manager

Merrill Lynch has appointed former Schroder Investment Management fund manager, Hugo Tudor to its Select team.

Tudor will join the team, which manages large UK balanced portfolios, in February 2001.

At SIM he was a member of the UK Specialist team as well as responsible for several larger balanced portfolios for UK institutional clients.

Merrill Lynch head of European and UK equities Andreas Utermann says:

" Hugo will be a powerful addition to the select team, which looks after larger UK pension funds."



Sailing close to the windfall

After many months of speculation, Scottish Life announ ced in October it had agreed, subject to member, regulatory and Court of Session approval, to the transfer of its business to the Royal London Group.On first viewing, the proposal looked attractive. Mem bers would receive £500 in compensation for loss of membership rights and with-profits policyholders […]

Haggerty gets MD post at Homeloan Management

Mortgage administrator Home loan Management, a subsidiary of Skipton Building Society, has app ointed Steve Haggerty as managing director.Haggerty has been acting managing director since Barry Meeks left in Sep tember and he was deputy to Meeks over the previous five years.Before moving to HML, Haggerty was assistant gen eral manager for mortgages and investments […]

Charge of the enlightened brigade

Are stakeholder pensions the thin end of the wedge for IFA businesses? Certainly, the indications are that reduced commi ssion levels on pensions will lead to reductions on other financial products. This could certainly lead to the demise of IFAs if they are not willing to change.The majority of IFAs rely on commission from product […]

Standard Life wins award

Standard Life has been awarded the Berkeley IFAs Product Provider of the Year Award. The award was presented to Standard Life by Berkeley’s head of marketing Sally Reeves. Standard Life national account manager for the Berkeley network Martyn Willis says “We are delighted to achieve the award.” “It is well deserved and a reflection of […]


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