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MM hack exiled to Oz for FSCS ‘advert’

Last month WSJ sister title Money Marketing reported that the Financial Services Compensation Scheme wants to pay a PR firm up to £180,000 a year to “raise awareness”. The response was not what was expected.

On the day the piece was published, a phone rang on the newsdesk: “You don’t know me but I saw your piece and wondered if you could provide more info on the contract.” It was a PR firm that wanted to pitch for the job.

WSJ understands the worthy hack responsible for the inadvertent advertorial likes to think of himself as a member of the glorious fourth estate, keeping the powerful in check. Now we know that’s not the case, but there’s just no telling him and he was inconsolable.

Said hack asked us to pass on his apologies for essentially acting as a conduit for an organisation that regularly whacks our beloved readers with high levies. It may comfort you to know he has been banished to Australia – ok, he’s going of his own free will, but at least he won’t be able to do this again.

So what could these spinners come up with for £15,000 a month? WSJ is willing to bet there’s a poster campaign, maybe some TV and radio ads and, if the spinners are feeling really creative, maybe a storyline in EastEnders. Easy money.



Novia takes £250k stake in advice firm

Novia has taken a stake in advice and discretionary management firm Tavistock and will provide a loan facility worth up to £750,000. In an announcement to the stock exchange this morning, Tavistock says Novia alongside Cocoon Investment Holdings has taken a stake in the business worth £250,000. The two will also provide a £750,000 loan […]


Hargreaves backs non-advised guidance as it posts £210m profit

Hargreaves Lansdown has posted a £210m pre-tax profit for the year to 30 June, up by 7 per cent from £195m in 2013. Revenues increased by 8 per cent from £269m to £292m, while operating costs increased by the same amount from £77m to £83m. Net profit margin shrank marginally from 71.5 per cent to […]

MRM makes FCA hire to launch public affairs division

Financial services PR consultancy MRM has hired a senior FCA associate to launch a public affairs division. The firm has recruited FCA senior public affairs associate Havard Hughes as head of public affairs with immediate effect. The new division will offer clients services including parliamentary and political intelligence, parliamentary counsel, government and opposition relations, and […]


Robert Reid: Will hearts or heads win out on Scottish indy vote?

In two weeks’ time we will know the outcome of the referendum on the future governance of Scotland. Some will have already cast their vote under the postal vote option and because of that, the most recent televised debate between Better Together campaign leader Alistair Darling and Scotland’s first minister Alex Salmond was the last. […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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