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Non-exec changes at St James’s Place

St Jamess Place Capital has announced a number of non-executive appointments and resignations.
Roger Walsom, who retired from city law firm Ashurst in April, becomes independent non-executive director. He is also non-executive director of The Pensions Regulator.
John Edwards has also joined as non-executive director. Edwards was appointed HBOS chief executive of insurance and investment division in July.
Phil Hodkinson and Grenville Turner have resigned as non-executive directors with Charles Bailey resigning at the end of September.
SJPC chairman Mike Wilson says: “We are delighted to welcome Roger and John to the board and wish to thank Phil, Grenville and Charles for their excellent contributions to the board over the years.”


Murray VCT action group leader defends support from sacked manager Aberdeen

The row between three Murray VCT boards and the leader of the action group against them has escalated after he admitted receiving backing from their sacked manager, Aberdeen. Shareholder Charles Clark says he was offered legal and advisory support after attacking Aberdeen over the 1.1m in severance fees it received when the VCTs moved to […]

Warning on new transfer value basis

Proposed changes to the calculation of pension transfer values could benefit departing employees while reducing the benefits payable to remaining members, says First Actuarial. The actuarial boutique is concerned that proposals from the Institute of Actuaries will also introduce new levels of complexity that will impact negatively on occupational schemes. The Institute of Actuaries is […]

Stability continues in the housing market says CML

Total lending increased in June by 16 per cent according to the Council of Mortgage Lenders, the fifth consecutive monthly increase.June lending was still 9 per cent lower than the same month last year, down from 22.3bn from 28.2bn.Lending for house purchase increased by 20 per cent to 11.9 billion in June, up from 9.9 […]

FSA A-Day campaign raises adviser fears over wording

The FSA is starting a campaign requiring advisers to contact all clients who will be “affected” by A-Day and notify them of the impending rule changes. The vagueness of the wording has raised concerns among some advisers, who are worried about the expense of contacting significant numbers of clients. The regulator says it will not […]


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