View more on these topics

Morrisons stacks up for MacIver

Prudential has lost three key members of its executive team over the past few weeks with insurance business director Angus MacIver the latest to announce his departure.

Director of intermediated distribution Dave Harris left last month for personal reasons and intermediaries director Tudor Taylor is due to leave in October to pursue other opportunities.

MacIver, who was leading the joint venture of Pru Protection with Discovery Life, is leaving to take up a senior post at supermarket chain Morrisons.

Taylor is Pru’s fifth intermediaries director in five years in what has been dubbed the “hottest seat in the industry”.

Andy Curran, previously responsible for banking partnerships at Pru, has taken over Harris’s role.

A spokesman says: “Angus MacIver has had a strong link to the retail sector because he came from that environment so it is a natural move that he is joining Morrisons.”


Lord Cobham retires at S&W

Smith & Williamson deputy chairman Lord Cobham is retiring from full-time employment but will continue to work as an adviser for the firm. David Cobb becomes head of investment management and Geoff Windebank as finance director in a group reshuffle.

‘RDR breaches human rights’

Solicitors for Independent Financial Advice says the FSA’s proposal to create a professional tier of IFAs as part of its retail distribution review could potentially be a breach of human rights.Managing director Ian Muirhead says although he can understand the FSA’s wish to elevate the top tier of financial advisers to a similar technical status […]

First UK victims shut by sub-prime crisis

Three UK mortgage firms are closing as the fallout from the US sub-prime crash spreads.Victoria Mortgages went into administration this week after being unable to secure funding lines.Lehman Brothers is closing its London Mortgage Company and Southern Pacific Personal Loans brands and withdrawing from the second-charge sector.Victoria Mortgages blames disruption in the capital markets for […]


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 thought leadership.

    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