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Newton poaches EFM director

Edinburgh Fund Managers director and head of private clients Harry Morgan is leaving after five years to join Newton Investment Management.

Morgan, who oversaw £300m of assets under management at EFM, will become head of Newton&#39s private investment management division.

He will be responsible for developing the Scottish business – which has around £700m under management – and overseeing the existing team of 15 Edinburgh-based fund managers.


Room service

Querying the bill in hotels and restaurants can be embarrassing, as you piece together the parts of the evening you had forgotten.Norwich Union Healthcare PR Louise Zucchi recently discovered this after ending up at the hotel bar following a PIMs-esque event recently.After ordering and drinking a bottle of champagne, Louise went to bed – only […]

Correspondent&#39s week

Last week, Money Marketing carried the front-page news that my sister Helen (Bates MD) and I have sold 33 per cent of the company to Asset Strategies and the editor wants me to talk about the run-up to the deal.We have actually been positioning ourselves for this deal for the best part of two years […]

Two-year fixed rate from The MarketPlace

The MarketPlace at Bradford & Bingley is launching a two year fixed rate mortgage at 4.25 per cent, available for remortgages.Funded by the Co-op Bank, the mortgage reverts to a tracker rate of Bank of England base rate plus 0.59 per cent up to 75 per cent and base rate plus 0.79 per cent over […]

Why did life offices cave in to 1%?

The unholy mess into which the industry seems have got itself trying to function in the ridiculous and destructive 1 per cent world is, in my opinion, principally the fault of most of the life companies themselves.Anyone with an ounce of business sense must have known right from the start that the entire 1 per […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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