View more on these topics

Old Mutual to split chief executive and chairman

Australian financial services group Old Mutual is set to split the roles of its chief executive and chairman in response to pressure from institutional investors.

Mike Levitt, who has held both positions since the group demutualised and floated on the London Stock Exchange in 1999, will remain non-executive chairman. Jim Sutcliffe, who currently runs Old Mutual&#39s life insurance businesses will become chief executive.

Old Mutual has a retail fund management arm in the UK and is soon to relaunch its presence in the life and pensions markets.


Forsyth Partners – Forsyth Sterling Global Growth Fund

Friday, 13 July 2001.Type: Sicav.Aim: Growth by investing in equities and bonds.Minimum investment: £5,000.Place of registration: Dublin.Investment split: UK equities 60 per cent, international 25 per cent, bonds 10 per cent, cash 5 per cent.Isa link: No.Charges: Annual 1.75 per cent.Commission: Initial up to 5 per cent, renewal 0.75 per cent.Tel: 01534 285195.

Independent view – Tony Byrne

“…As judge and jury, I find you, IFA, guilty until proveninnocent…” This could easily be the summing up of a PIA ombudsman in acomplaint against an IFA these days. Newspaper comment might go something like this: “The commission-hungrysalesman took advantage of the hapless misselling victim” and so on. How tired are you hardworking, decent, honest […]

Burrows offers annuity alerts

Morestead director Billy Burrows is setting up a free website and offeringIFAs with email alerts when annuity rates change. The site, www.askannuity, aims to help IFAs who do not specialisein the annuity market to offer the best advice to clients after or atretirement. Burrows has already signed up a number of big annuity providers, […]

Premier zeros in

Premier Asset ManagementPremier Zero Preference FundType: Oeic.Aim: Growth by investing in zero-dividend preference shares of split-capital investment trusts and other closed ended funds.Minimum investment: Lump sum £1,000, monthly £50.Investment split: 100 per cent in zero-dividend preference shares.Yield: 8 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial 3 per […]


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