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Old Mutual bond star joins M&G

Richard Woolnough, star manager of Old Mutual&#39s top performing corporate bond fund, is leaving the group to join M&G&#39s fixed income team in the New Year.

Woolnough, the leading corporate bond fund manager of the past three years, will manage a fund M&G plans to launch in the first quarter of 2004. It will be developed after Woolnough&#39s arrival and will sit between M&G&#39s existing investment grade and high yield funds.

Managing director UK retail Phil Wagstaff says: “Richard&#39s joining M&G gives us the opportunity to launch a new fund, one which complements our existing range and lets Richard harness our extensive capability of one of the UK&#39s biggest players in fixed income.”


Key Man cheaper than businesses think says L&G

Small and medium sized business would survive less than a year if a key employee was lost with 54 per cent of companies having no protection against such a scenario Legal and General has warned in its annual Business Intentions study. L&G say that many SMEs may not take out key person insurance because they […]

Consumers should beware equity release – Which?

Equity release schemes should only be used as a last resort because they can be expensive and inflexible says Consumers&#39 Association publication Which?A Which? report out this week says interest roll-up loans see the amount outstanding grow quickly and can eat up the value of the property, making it difficult to move.The report also points […]

More woe for IFAs as FSA seeks to redefine advice

IFAs are set to be subjected to yet another retail review as the FSA attempts to match its consumer education budget with the types of financial advice available in the market.In a paper seen by Money Marketing, expected to be published by the end of the year, the FSA has outlined its belief that consumers […]

MediQuote adds Health-on-Line products

Comparative private medical insurance and cash plan portal MediQuote has added individual products from Health-on-Line to its offering. Group Company Choice plans will also be offered from September.Health-on-Line&#39s PMI plan offers essential in-patient cover with the choice of adding any of seven additional options instead of a pre-determined basket of benefits.MediQuote business development director Mark […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


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