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Metcalfe to take on Newton income fund

Newton has appointed a new lead manager on the £1.1bn income fund with Christopher Metcalfe replacing Rob Marshall-Lee and Nick Clay.

Metcalfe’s appointment comes as part of the groups’ attempt to change the remit of the product to a more institutional approach, citing him as the ideal candidate thanks to his track record in the market.

Metcalfe joined from Schroders Investment Management back in 2006 having spent the past 10 years rising to director and head of the UK equity prime team. He also ran the firms UK equity fund from 2003 until 2006.

Clay will resume his role as assistant manager on the portfolio, while continuing as lead manager on the Newton managed fund. Meanwhile, Rob Marshall-Lee is to lead a new special situations research team at Newton.

Newton chief investment officer Jeff Munroe says: ““Christopher has a track record of consistently delivering above average returns with a low volatility and relatively low standard deviation. This complements the style of the fund and the approach for a core UK equity mandate.”


L&G executive director retires

Legal & General UK Business Operations executive director Robin Phipps is to retire from the firm and will stand down from the Board on July 13.Protection and annuities executive director John Pollock and wealth management executive director Kate Avery will continue in their roles reporting to group chief executive Tim Breedon.Legal & General Chairman Sir […]

Standard Life updates CI cover

Standard Life has updated its critical illness definitions in line with the Association of British Insurers’ regulatory changes with effect from April 23. The definitions have been updated to meet those set out by the ABI in its Statement of Best Practice on CI but Standard Life will exceed the ABI definitions for three conditions.These […]


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