View more on these topics

Nigel Farage and Nick Clegg quit after election drubbing

Nigel Farage will stand down as leader of Ukip after losing out in his bid to be elected as the MP for Thanet South.

Liberal Democrat leader Nick Clegg has also confirmed he will quit as leader after a “crushing” election night.

Labour leader Ed Miliband will also exit following a shattering result for the party.

Labour are forecast to win 234 seats and the Lib Dems just eight seats, with the Conservatives set to win a narrow majority with 331.

Farage was defeated by Conservative candidate Craig Mackinlay.

The Ukip leader had previously promised to resign if he failed to get elected to a Westminster seat this year.

Following his defeat Farage said: “I said as this campaign went on that if I didn’t win I would stand down as leader of Ukip. I am a man of my word. I am standing down as leader of Ukip.”

The defeat means that Ukip is left with a single seat in parliament, held by Douglas Carswell in Clacton.

IFA Mark Hughes also ran for Ukip in the constituency of Harwich and North Essex, having authored the party’s pensions policy, which called for a reduction in the state pension age among other reforms.

Hughes came third in the poll, with Conservative MP Bernard Jenkin winning the seat.



NAB set to offload Clydesdale and Yorkshire Banks

National Australia Bank is set to let go of Clydesdale and Yorkshire Banks and float part of the business. As part of its de-merger plans, NAB will transfer 70-80 per cent of its shares in Clydesdale, which includes Yorkshire Bank, to NAB shareholders. The remaining 20-30 per cent will be floated on the stock exchange. […]


‘Gloves are off’ as auto-enrol escalating fines bite

Advisers fear the first four escalating fines issued to employers by The Pensions Regulator are the tip of the iceberg as more than a million of the UK’s smallest firms prepare to auto-enrol staff for the first time. The regulator’s latest quarterly compliance bulletin shows it sent £400 fixed penalty notices to 198 employers in […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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 advice.

    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