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Old Mutual appoints head of sales

Old Mutual Fund Managers has appointed Andrew Lightbown as head of sales.

Lightbown was previously director of investment sales at Threadneedle Investments.

He says: “I am thrilled to be joining Old Mutual at this time. The company has exciting and ambitious plans for growth of its unit trust business, and I am looking forward to contributing to that growth.”


ASB change to accounting methods threatens pensions

The Accounting Standards Board is to make companies reveal more in their accounts about their pension schemes.The change will create greater volatility in accounts as firms have to show how the value of their occupational pension funds varies with changes in the bond and equity markets.Experts believe the reforms may fuel a movement away from […]

Royal & Sun share price rallies after profits fall

Royal & Sun Alliance has managed to talk up its share price even though profits have plunged over the past nine months.It reported a nine month profit fall to the end of September of 6.1 per cent compared to the same time last year but its share price still rose 5p – 1.2 per cent […]

Mortgage providers hold fire over rates rise

The major mortgage lenders have held back from immediately raising their lending rates despite the 0.25 per cent increase in the base rate by the Bank of England.Nationwide says: “We have to consider the needs of our savers and our borrowers very carefully.” The Halifax says it is still reviewing its rates.The B of E […]

The Research Department issues warning over mortgage questions

Information supplier The Research Department claims the 10 key questions every homebuyer should ask their lender will not guarantee they get the best mortgage.It believes the only way consumers will be able to achieve this is through independent advice.TRD says by asking these questions, recently suggested by Trade and Industry Secretary Stephen Byers recently suggested […]


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